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Perth Mint Gold: Monthly holdings report – May 2020


Holdings of Perth Mint Gold (ASX:PMGOLD) continued to rise in May 2020, hitting a new all-time high of 195,147 ounces (6.07 tonnes). Inflows of almost 7,000 ounces were recorded for the month. 

Monthly flows into PMGOLD can be seen in the chart below, with holdings increasing by 45% in the first five months of 2020. 


  

Source: The Perth Mint, ASX, Reuters

This continues a period of strong demand for PMGOLD that dates back to September 2018, with total holdings increasing by more than 110,000 ounces over this time period.

By the end of May 2020, the value of PMGOLD holdings had topped AUD 500 million for the first time despite a mild pullback in the Australian dollar gold price, which ended the month trading just below AUD 2,600 per troy ounce. 

To learn more about investing in PMGOLD, simply download our PMGOLD Factsheet.

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