perthmint

Gold sales soared to a three-year high in October, while silver sales surged 83%, according to the Perth Mint. 🌟 The Mint reported gold coin and bar sales of 85,603 ounces — up sharply from 36,595 ounces in September, marking a 186% year-on-year jump. This surge coincided with spot gold prices reaching record highs near US $4,381 per ounce. Silver demand also hit its strongest level since September 2023. The spike underscores robust retail investor interest, as rising prices often signal market stress and drive hedging demand. Even at elevated valuations, physical precious-metal buying remains strong, defying traditional price-sensitivity trends. #Gold #Silver #PreciousMetals #PerthMint #Commodity