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HSBC expects gold’s recent price decline to boost demand

Posted on 07 August 2014

Australian Perth Mint gold and silver sales declined during July this year, as per latest figures from Perth Mint. Perth Mint gold bullion coins and bars sales for July down to 25,103 ounces from sales of 39,405 in July last year. For silver, July sales totaled 577,988 ounces, down from 586,358 sold in the same month last year.
According to HSBC, Perth Mint July data show a decline in sales of gold bullion coins and bars, but lower prices lately may help revive demand. US Mint data last week showed a 49% year-on-year decline in gold coin sales to 35,500 ounces………………………………………..Full Article: Source


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