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Perth Mint's monthly gold sales nearly halve in May to over 2-year low

June 5 (Reuters) - The Perth Mint's gold product sales in May fell 46% from the previous month to their lowest level since April 2017, the refiner said on Wednesday. Sales of gold coins and minted bars in May fell to 10,790 ounces from 19,991 ounces in April, the mint said in a blog post. Silver sales last month fell about 25% to 681,582 ounces from April. In May, benchmark spot gold prices posted their first monthly gain in four months, following a surge towards the end of the month after U.S. President Donald Trump threatened tariffs on imports from Mexico, which fed fears of a global downturn. The Perth Mint refines more than 90% of newly-mined gold in Australia, the world's second-largest gold producer after China.

Period Gold (oz) Silver (oz)

(year-month)

2019-May 10,790 681,5822019-April 19,991 906,2192019-March 32,757 935,8192019-Feb 19,524 584,3102019-Jan 31,189 828,8542018-Dec 29,186 692,9712018-Nov 64,308 876,4462018-Oct 36,840 1,079,6842018-Sept 62,552 1,305,6002018-August 38,904 520,2452018-July 29,921 486,8212018-June 16,847 229,2802018-May 14,800 557,1202018-April 15,161 458,6552018-March 29,883 975,9212018-Feb 26,473 992,9542018-Jan 37,174 1,067,3612017-Dec 27,009 874,4372017-Nov 23,901 544,4362017-Oct 44,618 999,4252017-Sept 46,415 697,8492017-Aug 23,130 392,0912017-July 23,675 1,167,9632017-June 19,259 1,215,0712017-May 29,679 826,6562017-April 10,490 468,9772017-March 22,232 716,2832017-Feb 25,257 502,3532017-Jan 72,745 1,230,8672016-Dec 63,420 430,0092016-Nov 54,747 984,6222016-Oct 79,048 1,084,2132016-Sept 58,811 1,031,8582016-Aug 14,684 376,4612016-July 16,870 693,4472016-June 31,368 1,220,8172016-May 21,035 974,8652016-April 47,542 1,161,7662016-March 47,948 1,756,2382016-Feb 37,063 1,049,0622016-Jan 47,759 1,473,408

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Rashmi Aich)