Perth Mint\u2019s gold product sales climbed 6% in April from the previous month, while silver sales nearly halved to hit an eight-month low, the refiner said on Thursday.<\/p>\n
Sales of gold coins and minted bars rose 6% to 46,106 ounces last month from 43,656 ounces in March, and were up 5% on a year-on-year basis.<\/p>\n
Silver sales fell to 496,212 ounces last month from 976,450 ounces in March, and were down about 31% on a year-on-year basis.<\/p>\n
\u201cDemand for minted products in April was broadly consistent across the Mint\u2019s core range. This reflects steady global interest despite a more volatile pricing environment,\u201d said Neil Vance, general manager-minted products, Perth Mint.<\/p>\n
Spot gold prices fell 1% in April as elevated energy prices due to the Iran war fuelled fears of inflation and higher-for-longer interest rates, weighing on greenback-priced bullion.<\/p>\n
Meanwhile, silver slid about 1.8% last month.<\/p>\n
Owned by the government of Western Australia, the Perth Mint is the world\u2019s leading producer of newly mined gold and Australia\u2019s largest refiner by volume, according to its website.<\/p>\n
(By Pablo Sinha; Editing by Sherry Jacob-Phillips)<\/p>\n
Disclaimer:\u00a0The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and\/ or damages arising from the use of this publication.<\/p>\n","protected":false},"excerpt":{"rendered":"Perth Mint\u2019s gold product sales climbed 6% in April from the previous month, while silver sales nearly halved…\n","protected":false},"author":2,"featured_media":6180,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[7511,7499,7504,2423,7498,7508,7502,7500,7503,7509,7424,7510,7501,7489,7512,7495,7513,7497,7492,335,7493,7491,7494,149,7496,7507,7514,7490,7506,7505],"class_list":{"0":"post-6179","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-perth","8":"tag-bank-forecasts","9":"tag-bitcoin-news","10":"tag-central-banks","11":"tag-charts","12":"tag-crypto-news","13":"tag-currency","14":"tag-economic-reports","15":"tag-ethereum-news","16":"tag-forecasts","17":"tag-global-economy","18":"tag-gold","19":"tag-international-policy","20":"tag-interviews","21":"tag-kitco-news","22":"tag-market-nugget","23":"tag-metals","24":"tag-mining-minutes","25":"tag-mining-news","26":"tag-palladium","27":"tag-perth","28":"tag-pgm","29":"tag-platinum","30":"tag-platinum-group-metals","31":"tag-politics","32":"tag-precious-metals","33":"tag-rare-earth-metals","34":"tag-roundups","35":"tag-silver","36":"tag-tech-metals","37":"tag-us-dollar"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/6179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=6179"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/6179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/6180"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=6179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=6179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=6179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}