Gold demand to hit record with central bank buying, WGC says
Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.
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Reduced appetite from central banks to bring gold demand down in 2023
Mining News Pro - Demand for gold will drop 9% to 4,375 metric tons this year with central banks’ appetite falling from last year’s all-time high, consultancy Metals Focus said, adding that gold prices would be under pressure in the second half of 2023.
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Gold demand in India seen best in a decade in festival quarter
Mining News Pro - Gold consumption in India will probably be the best in at least a decade in the current quarter as buyers stocked up for festivals in November and the peak wedding period that followed, according to the World Gold Council.
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Gold demand fell 7% y/y in third quarter, primarily owing to outflows from ETFs
Mining News Pro - Gold demand fell 7% year-on-year and 13% quarter-on-quarter to 831 t in the third quarter, primarily owing to outflows from gold-backed exchange-traded funds (ETFs), the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ (GDT) report, shows.
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China’s recovery points to Lunar New Year boost for gold demand
Mining News Pro - China’s economic recovery from the coronavirus pandemic may offer some solace to gold bulls, with expectations building that jewelry demand will rebound following last year’s wipe out.
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Visit: 485
Gold demand recovering, but impact of possible `second wave` of Covid-19 infections uncertain
Mining News Pro - Overall global gold demand decreased by 19% year-on-year to 892 t in the third quarter, owing largely to consumers still feeling the impact of the Covid-19 pandemic, says the World Gold Council (WGC) in its latest `Gold Demand Trends` report.
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Covid-19 takes a toll on first-half gold demand, production
Mining News Pro - Global gold authority, the World Gold Council (WGC), reports that gold demand fell by 6% year-on-year to 2 076 t in the first half of this year.
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Global gold demand fell 1% in 2019 despite record investment inflows
Mining News Pro - Gold demand fell 1% in 2019 to 4,355.7 tonnes as a huge rise in investment flows into ETFs and similar products was matched by a price-driven slump in consumer demand, the World Gold Council (WGC) says.
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Gold demand fragile
Mining News Pro - Gold investment demand was strong in the months following gold’s decisive breakout to new bull-market highs in late June. The metal’s upside momentum fueled big capital inflows, accelerating its gains.
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Visit: 1426
Gold demand falls 4% y/y in Q2
Mining News Pro - Global gold demand remained muted at 964 t in the second quarter, 4% lower year-on-year, according to the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report.
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Iran`s Gold Demand To Jump Before Winding Down As Trump Sanctions Kick In - Analyst
Mining News Agency -Before slowing down, Iran’s gold demand will see a surge in the short-term in response to U.S. President Donald Trump’s decision to pull out of the Iran nuclear deal, according to one Metals Focus analyst.
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Visit: 922
Iran Gold Demand at 3-Year High in Q1
Mining News Agency- Iran`s gold demand more than tripled in the first quarter of 2018 while Saudi Arabia`s dropped 15%, data released by the World Gold Council show.
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Chinese Gold demand shoots up in 2017
Mining News Agency -Chinese gold demand was significantly higher again last year, according to the latest figures released by the China Gold Association.
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Visit: 1422
Global Q3 Gold demand at 8-year low as ETF inflows slowed significantly
Mining News Agency - The third quarter of this year saw a 9% year-on-year drop in global gold demand to 915 tons. Year-to-date demand was down by 12%.1 ETFs had another quarter of positive inflows, but at 18.9t, they fell far short of the 144.3t influx in Q3 2016, according to the World Gold Council.
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Visit: 882