Financial Times FT.com

Royal Mint cashes in as gold market coins it

By Chris Flood in London and Gregory Meyer in New York

Published: November 19 2009 20:38 | Last updated: November 19 2009 20:38

The Royal Mint has dramatically ramped up production of gold coins as demand for the precious metal continues to surge.

Production more than quad­rupled to 32,735.8 ounces – just over one tonne – in the third quarter, from 7,500.2 ounces in the same period last year. The increase is even more striking considering that the third quarter of last year had seen increased demand for gold as a investment haven amid the financial crisis.

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