Gold Sales at Perth Mint Reach 11-Month High as Prices Retreat

Gold BarsGold sales from Australia’s Perth Mint, which refines all the bullion output in the world’s second-biggest producer, climbed 89 percent in September to the highest level in almost a year as prices declined. Sales of gold coins and minted bars rose to 68,781 ounces from 36,369 ounces in August and the most since October 2013, according to data from the mint compiled by Bloomberg News.

The U.S. Mint sold 58,000 ounces of American Eagle gold coins in September from 25,000 ounces in August and 13,000 ounces a year earlier, data from the mint show.