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 worldâs 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]
