Gold demand falls to 8yr low in Q3

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gold demand

NATASHA ODENDAAL on MINING WEEKLY | 9 November 2017

“Global gold demand fell to an eight-year low in the third quarter of this year, following a “softer quarter” of demand in the jewellery sector and significantly lower inflows into exchange-traded funds (ETFs), the latest data from the World Gold Council (WGC) shows.

The ‘Gold Demand Trends’ report for the third quarter shows a 9% year-on-year decline in gold demand to 915 t, the lowest level since the third quarter of 2009.

The year-to-date gold demand decreased by 12%.”

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