[Au Demand] Gold Demand Remains Strong

By  Paul Ploumis 20 Jul 2015  Last updated at  04:07:37 GMT

(Kitco News) - Silver bullion investors will have to wait one more week to buy more 2015 U.S. American Eagle Silver coins from the U.S. Mint.

Friday, the U.S. Mint said announced that it would resume sales of their popular silver coin, on an allocated basis, July 27.

The mint sold out of its American eagle coins July 7 after silver prices dropped below $15 an ounce, creating “significant demand” for the bullion coins. According to sales data compiled by the mint, more than 2.7 million silver coins have been sold in July, completely surpassing sales of 1.98 million coins in 2014. For the year, the mint has sold more than 24.5 million silver coins.

The mint’s sales data also shows strong demand for gold bullion coins. The mint has seen its busy month since April 2013 in only the first few weeks of July. The data shows that so far the mint has sold a total of 101,000 ounces of gold so far this month. Last year the mint sold 30,000 ounces of gold for the entire July 2014.

So far this year the U.S. Mint as sold 374,000 ounces gold in its various denominations of its American Eagle Gold Coins.

Courtesy: Kitco News