Britain's Royal Mint reports all-time high gold coin sales

The British Royal Mint achieved record-breaking online sales of investment coins in the first quarter, with gold coin revenue surging 306% year-over-year.

According to Stuart O'Reilly, a market research manager at the British Mint, the rapid rise in gold prices, which hit all-time highs in sterling 17 times during the quarter, spurred investors to buy the asset. Meanwhile, gold’s high dollar value of over $3,000 has fueled demand for more affordable alternatives, including platinum coins and digital silver.

However, Kitco News analysts note that data from US and Australian mints present a mixed picture of retail demand for precious metals. Despite a 40% increase in gold coin sales in Perth, Australia, interest in silver investments has significantly declined. In the US, silver sales decreased by more than half.