Gold News

US Mint Gold Coins Sales Highest Since July 2010

SALES of Gold Coins by the United States Mint rose 131% in November compared to a month earlier, data from the US Mint show.

Last month the US Mint sold 136,500 ounces of its gold American Eagle bullion coins, more than three times the amount sold in November 2011. Last month's is the highest monthly figure since July 2010, which saw 152,000 ounces sold, and the highest November figure since 1998, when 147,000 ounces were sold.

The US Mint produces American Eagle bullion coins specifically for investment purposes, with its sales figures reflecting the amount bought by primary dealers rather than individual investors.

Holdings of bullion backing gold exchange traded products meantime set a series of new records during last month. The SPDR Gold Shares (GLD), the world's largest Gold ETF, ended November with holdings at a record high of 1348.8 tonnes.

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