Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
HSBC: Demand For Gold, Silver Coins Strong In October
SRetail gold and silver demand appears strong, says HSBC.
Tuesday November 01, 2016 10:24
SRetail gold and silver demand appears strong, says HSBC. The bank cites data on the U.S. Mint website reporting sales of 116,000 ounces of American Eagle gold coins in October, up nearly a quarter from the previous month. American Eagle silver coins did better, more than doubling to 3.8 million ounces. “This reaffirms our view that gold prices under $1,300/oz and silver under $18/oz stimulates retail coin and small bar demand, which provides support to prices,” HSBC says.
By Allen Sykora of Kitco News; asykora@kitco.com
HSBC
gold prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep16
SMM Indonesia Seminar: Li-ion Battery & Energy Storage
Sep 16 - 16,2025Jakarta, Indonesia
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
