View full page at forexfactory.com

 

U.S. bullion coin demand still at 'unprecedented' levels : Mint

From reuters.com

Demand for U.S. gold and silver bullion coins is still at "unprecedented" high levels almost two months after an historic sell-off in gold released years of pent-up demand from retail investors, the head of the U.S. Mint said on Wednesday. His comments are likely to allay concerns among some traders that frenzied buying by mom-and-pop investors since mid-April after prices plunged to two-year lows had started to fade. Their interest has helped prices recover to above $1,400 an ounce, providing key support to prices after institutional investors fled the futures market and exchange-traded funds. "Demand right now is ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News