Gold Eagle Buyers Reduce Purchases|
June 07, 2013
Gold buyers took a breather in the month of May if sales figures from the U.S. Mint are any indication.
Sales of the popular one-ounce gold American Eagle slid to 61,500 pieces from April’s high monthly level of 187,500.
April buying was sparked by a $200 two-day plunge April 12 and April 15 in the price of the precious metal.
In May, the price of gold was much more stable, trading around $1,400 a troy ounce.
Gold Eagle sales have fluctuated widely in the first five months of the year. January began strongly with sales of 124,500 coins, then the numbers backed off to 68,000 in February and 54,000 in March.
The month of June opened with sales of 10,000 pieces, bringing sales so far in 2013 to 505,500 pieces.
So far in 2013 the Mint has also sold 42,000 half-ounce coins, 78,000 quarter-ounce pieces and 380,000 of the tenth ounce coins.
For more June numbers see “Mint Statistics.”
In all of 2012, the Mint sold 667,000 one-ounce American Eagle gold coins.
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