– Gold coins, bars see demand rise of 11% in H2, 2017 to 532 tonnes according to WGC Gold Demand Trends – Gold investment demand strong in China, India & Turkey – Demand in Turkey surges on double digit inflation – Total gold demand declines in Q2 on slower U.S. ETF inflows – Gold held in ETFs in Europe reached all time high of 978t – U.S. ETF inflows slowed from last year’s record – Central banks continue to buy – 94t of declared purchases – Turkey joined Kazakhstan & Russia in buying gold – Well balanced market: ETF inflows continue and jewellery, technology and bar & coin demand up – Important to note this is all official, transparent and recorded demand. There is demand and flows of gold that cannot be and are not recorded – especially into the Middle East, India, Russia and of course China
Key findings included in the Gold Demand Trends Q2 2017 report are as follows:
Overall demand was 953t, a fall of 10% compared with 1,056t in Q2 2016
Total consumer demand rose by 9% to 722t, from 660t in the same period last year
Total investment demand (ETFs) fell 34% to 297t compared with 450t in Q2 2016
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