The Perth Mint sold 85,603 troy ounces (oz) of gold and 1,061,231 oz of silver in minted product form during October 2025. Opening the month around USD 3,850, gold rallied sharply in early October, breaking through the key USD 4,000 barrier to hit an all-time high of around USD 4,380 on 17 October. The rally was driven by renewed US-China trade tensions, the debasement trade effect, and expectations of upcoming US interest rate cuts – all of which fuelled unprecedented investment demand. Late in the month, however, gold experienced its sharpest sell-off since 2020, falling more than 5% as tensions eased and ... (full story)