Gold prices fell throughout the month of May. The price of gold per ounce at the start of June was down close to 1%.
As the price of gold has continued to fall investor demand for American Gold Eagles has surged. The US Mint reported that Gold Eagle sales in May were the highest since January.
In May, the US Mint sold 18,500 2018 American Eagle 1 oz Gold Coins, up from 4,000 coins shipped in April.
2018 Gold Buffalo 1 oz coin sales rose to 16,500 units in May compared to 2,000 units in April.
While the price of silver has stayed relatively steady, the gold to silver ratio has continued a downward trend over the past couple of months due to the reduced gold prices.