In a month that has seen a significant jump in the gold price, New Zealand Mint has seen this translate to the trading desk.
With all of the turmoil in international markets, an NZX market correction and a 5 cent devaluation of the New Zealand Dollar, gold is certainly the performer in May, outshining the rest of the market.
Indeed trading volumes have increased significantly for the Mint, May has seen trading at 225% of January-March figures and the month hasn’t even finished! Just this week alone has seen a significant jump, with only 3 days worth of trading figures, the Mint is already 213% above the weekly average in January-March.
Even with gold hitting record prices this month, just shy of $1250, buyers are clearly seeing value in making a long term investment in gold.
