Gold and other precious metals have hit a summer low amid subdued physical demand from jewellers and investors that has helped to send bullion prices to a two-month low.
Investors had also reduced their purchases of physical gold, such as bullion coins, from the elevated levels of May and early June as the prices of gold fell.
The US Mint has sold 77,000 one-ounce American Eagle gold coins this month, below the totals for May and June of 190,000 and 97,000 coins.
Gold prices hit a nominal all-time high of $1,264.90 an ounce in mid-June but it was ignorable as the record is $2,000 set in the 1980s. But it is expected to go above the $1200 mark in the second half of the year.
