Gold Sales Pop at Perth Mint as Investors Take Advantage of Low Prices

Gold sales at Australia’s Perth Mint rose to their highest level in nearly a year in August as investors took advantage of gold on sale.

According to the mint, sales of gold coins and minted bars surged 30% to 38,904 ounces last month. It was the strongest month of gold sales since November 2017. Sales were nearly doubled from a year ago, according to the mint.

“Lower bullion prices continued to support interest in our minted products among investors,” a company spokesman said.