Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.S. Mint Gold-Coin Sales Increase 28% in August From July

Aug. 31 (Bloomberg) -- U.S. Mint sales of American Eagle gold coins rose 28 percent in August, the third gain in four months. Silver-coin sales also increased.

Sales of gold coins climbed to an estimated 39,000 ounces from 30,500 ounces in July, data on the mint’s website showed today. The figures compare with 112,000 a year earlier.

Gold futures in New York rose this month by the most since January amid speculation that U.S. policy makers would signal that further stimulus measures may be at hand. Federal Reserve Chairman Ben S. Bernanke said in speech today in Jackson Hole, Wyoming, that more bond purchases are an option to boost the economy, lifting demand for the metal as an inflation hedge.

“August has been a big month for gold,” Scott Carter, the chief executive officer at Los Angeles-based Lear Capital, said in a telephone interview. “A lot of it was on anticipation of what was announced today. Investors have been trying to get in ahead of that.”

Sales of silver coins increased to 2.87 million ounces from 2.28 million ounces in July.

To contact the reporter on this story: Joe Richter in New York at jrichter1@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.