Australian Gold Sales Collapsed

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We just mentioned the surprise trade deficit posted by Australia.

Here’s an even more interesting stat. Gold sales collapsed.


In trend terms, exports of non-monetary gold fell $64m (5%) to $1,329m.

In seasonally adjusted terms, exports of non-monetary gold fell $1,070m (56%) to $856m.

Non-monetary gold, btw, just means gold not held by monetary authorities.


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