Mint sales subdued as gold hits another record high

From perthmint.com

Opening the month around USD 2,400, the gold price gained for a number of trading sessions as the market digested comments that followed the US FOMC meeting. While the Funds rate was kept steady as widely expected, the Chair Jerome Powell’s comments that the easing of monetary policy was ‘imminent’ were positive for gold. Like other assets, gold was heavily impacted when the S&P 500 had its worst day since 2022 and traded below USD 2,400. But after this gold went on a run, hitting a record spot high of USD 2,531.60 on 20 August. This was driven by number of factors including rate cut expectations, renewed ... (full story)