The gold bullion price per ounce has fallen by around 5% since the beginning of June. The current gold spot price is down by over $120 a ounce since hitting a high of $1362.40 in January.
As the price of gold has gone down the demand for the shiny metal continues to grow. In June sales of American Gold Eagle coins had their third highest sales month of the year. The US Mint reported 24,500 troy ounces of gold eagle bullion sold, comprised of 41,500 gold coins of various denominations. Sales figures where substantially higher than June 2017.
Gold Buffalo coins had strong sales as well, with 6,500 of the 24 karat gold 1 oz buffalo coins reported being shipped by the US Mint. The number of Gold 1 oz Buffalo Coins shipped by the mint in June of this year is more than 300% more than June 2017.
