The Perth Mint sold 33,387 troy ounces (oz) of gold and 684,735 oz of silver in minted product form during April 2024. Opening the month above USD 2,200, the gold price in US dollar terms raced higher, breaching the key USD 2,300 resistance level and then hitting a record high above USD 2,400 on 12 April. The price gain was buoyed by several factors: data showing ongoing central bank demand, large scale buying of future positions by commodity trades/hedge funds and then escalating geopolitical concerns. The slight easing of geopolitical concerns in the second half of the month contributed to gold falling back as the ... (full story)