Global Gold Demand Declines 16% In Q2 â?? World Gold Council

IMG Auteur
Published : August 15th, 2014
138 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Market Analysis

RESEARCH AND ANALYSIS

Global gold demand slumped 16% to 964 tonnes in Q2 2014 compared to the same quarter last year, the World Gold Council stated today.

Jewellery demand was markedly down year-on-year, while coin and bar demand also saw significant reductions. Selling from gold-backed ETFs continued during the period, albeit at a reduced rate.

In contrast, central banks made net purchases of 118 tonnes in Q2, representing a 28% increase year-on-year.

The WGC said a sharp drop in demand from China and India, the world’s leading gold buyers, accounted for over half of the year-on-year decline in coin and bar demand. Governments in both countries made decisions that had deterred people from buying the metal, it said.



Full details of the latest WGC finding can be found in Gold Demand Trends Second Quarter 2014 [pdf 1.29 mb]

Data and Statistics for these countries : China | India | All
Gold and Silver Prices for these countries : China | India | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.