Gold’s sharp decline, which saw the metal fall to $1,321 on April 16, led to a global surge in physical demand. But some market participants question whether this appetite and the upward price moves are sustainable.
Surging demand drove the US Mint to suspend sales of 1/10-ounce gold coins, Reuters reported. By April 30, the Mint had reported sales of 312,500 gold coins. Equaling 209,500 ounces, April’s gold coins sales are more than a quarter of the 753,000 ounces sold in 2012, according to Bloomberg...............................................Full Article: Source
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