by Frik Els, Mining.com:
According to figures from the US Mint sales of American Eagle gold coins – a good indicator of overall gold demand in the US – tumbled in July to 30,000 ounces.
The figure was the the second lowest this year – 21,000 ounces of sales were recorded in March – and down from 48,500 ounces in June.
The comparison with last year is even more startling.
Despite a very strong start to 2014 with 91,500 ounces sold in January, 2014 sales now total 296,000 ounces, that’s 56% below the 679,500 ounces sold during the first seven months of 2013. July 2013 sales of more than 50,000 ounces were recorded.
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