Sales of gold products by Australia's Perth Mint surged nearly 75 percent in November from a month earlier to the highest in almost two years on additional demand from Europe, the mint said on Monday.
Sales of gold coins and minted bars climbed to 64,308 ounces in November, its highest since January 2017. Sales nearly tripled compared with the same month last year, the mint said in a blog post.
"We saw a spike in demand for Perth Mint gold minted products from Europe during the month of November," a spokesman for Perth Mint said.
Silver sales in November were down 19 percent month-on-month at 876,446 ounces. From a year earlier, sales rose 61 percent.
The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world's second-largest gold producer after China.
Spot gold gained 0.6 percent in November, rising for a second consecutive month.
Comments
Comments are closed for this article.