Gold Bullions Sales Ease in May, Still Record High for this Year

Gold Coin

Mints around the world reported lesser sales of bullion bars and coins in May compared to last month. However, sales remained high compared to last year.

Perth mint, the Australian mint and one of the largest in the world, said that total sales in May fell by 22% from April, to be 86,983.54 ounce in May.

The Royal Mint in Britain said that demand continued in June after sales tripled in April this year.

On the other hand, the US mint sold 70,000 ounce of gold coins in May, compared to 209,500 ounce in April. A total of 572,000 ounce of gold has been sold from January to May this year, compared to 283,500 ounce for the same period last year. The US mint said that the demand in the past two months is a record high.