US Mint Gold Coin Sales Took a Dive in July

Mineweb reported yesterday that in July, US Mint sales of American Eagle bullion gold coins slipped to their lowest level since March of this year. They are down 41 percent from last year.

As quoted in the market news:

Gold bullion coin sales were reported at 30,000 ounces in July 2014, compared to 50,500 ounces in July 2013.

Gold sales for the first seven months of this year totaled 296,000 ounces, down 56.4% from the same period of last year when 679,500 ounces were sold. It is the slowest start through the first seven months of the year since 2008.

Click here to read the full Mineweb report.