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Gold Demand Dips For First Time Since 2009

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Published : February 15th, 2013
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RESEARCH AND ANALYSIS

The World Gold Council's latest study of the gold market reports the value of gold demand in 2012 reached an all-time high, up 2% to $236.4 billion.

On a tonnage basis, it found gold demand was down 4% on 2011 to 4,405 tonnes – the first dip since 2009, but still the second highest level of gold demand ever recorded.

The average price of gold during 2012 was $1,669.0 per oz, up 6% from $1,571.5 per oz in 2011, it said.

Global gold demand in Q4 2012 was 1,195.9 tonnes(t), up 4% on the same quarter in 2011. In value terms, demand reached $66.2 billion.

Get The Report

Download The World Gold Council's Gold Demand Trends Q4 & Full Year 2012.

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Jewelry, technology and investment dropped in 2012. All of these are completely dependent upon consumer disposable income. Central Bank buying was up. Its buying capacity is NOT dependent upon consumer disposable income. It don't take a rocket scientis  Read more
overtheedge - 2/15/2013 at 8:29 PM GMT
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Jewelry, technology and investment dropped in 2012. All of these are completely dependent upon consumer disposable income.

Central Bank buying was up. Its buying capacity is NOT dependent upon consumer disposable income.

It don't take a rocket scientist to see where this is heading.
Rate :   1  0Rating :   1
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