Reuters reports U.S. bullion coin demand still at unprecedented levels - Mint

The head of the U.S. Mint has revealed that appetites for U.S. American Eagle gold and silver bullion coins are still at unprecedentedly high levels almost two months after a historic sell-off in gold unleashed years of pent-up demand from retail investors.
 
Reuters states “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. Interest in bullion coins, which target investors, has helped gold prices recover to a key support level around $1,400 an ounce, after a better economic outlook and lack of inflation prompted institutional investors to flee the futures market and exchange-traded funds.”
 
"Demand right now is unprecedented. We are buying all the coin (blanks) they can make," Richard Peterson, U.S. Mint's acting director, said in an interview inside the Mint's production facility in West Point, New York, referring to the Mint's suppliers. – Reuters.

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