U.S. Mint, Perth Mint see lackluster demand for gold, U.S. silver demand picks up USMint PerthMint gold
- July was a difficult month for the gold market as both the U.S. Mint and the Perth Mint reported weak bullion sales.
The demand picture wasn’t any better on the other side of the world. In its sales report, the Perth Mint said it sold 44,009 troy ounces of gold. Sales were down 39% from June and down 41% from last year. Although gold demand was fairly weak last month, prices rose 3.1% in July. Analysts noted that ongoing market uncertainty and solid central bank demand continue to support precious metals markets.
The Australia-based mint said it sold 863,485 ounces of silver in July, down 35% from last month and down 65% from the same period in 2022.
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