U.S. Gold-Coin Sales Slump as Prices Rebound on Asian Demand
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Sales of U.S. Mint American Eagle gold-coins, which have slowed since prices entered a bear market in April, are down 87 percent this month from August last year.
The mint sold 3,000 ounces of the coins so far this month, down from 209,500 ounces in April, its website shows. August sales may total about 5,077 ounces at the current pace, according to Bloomberg calculations, compared with 39,000 ounces in August last year.