Pursuits
Gold Demand at Perth Mint Slumps to Three-Year Low in May
This article is for subscribers only.
Gold sales from Australia’s Perth Mint, which refines all the bullion output from the world’s second-biggest producer, tumbled to the lowest in three years, adding to signs of weakening demand as prices drop.
Sales of gold coins and minted bars totaled 21,671 ounces in May, the Perth Mint said on its website on Friday. That’s down from 26,545 ounces in April and the lowest since April 2012, according to data compiled by Bloomberg. Silver sales dropped to 337,511 ounces from 472,273 ounces a month earlier.