Commodity Trade Mantra

Posts Tagged ‘Gold Coin Sales’

American Gold Eagle - Gold Coin Sales Soar Over 200%

Gold futures ended May with the biggest monthly decline since November but physical gold demand saw a significant increase from last year. Sales data compiled by the U.S. Mint shows that a total of 95,000 ounces of gold were sold in May, up more than 206% from 31,000 ounces sold in May 2015. Looking at the physical markets you can see signs of long-term strength.

30 Year Slide In Dollar May Be New Life For Gold: 2014 Outlook

If the dollar’s 30 year decline, as measured by the DXY Index continues, gold may be the main beneficiary. Smart money who understand it’s importance as a diversification continue to accumulate gold – Despite compelling reasons for gold to rally, it still seems to be stuck in a downtrend.

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