Home / All Posts / Portfolio Grid / 1 columns / Golds Up 15% in 2nd Quarter of 2016

Golds Up 15% in 2nd Quarter of 2016

Golds Up 15% in 2nd Quarter of 2016

Some key findings of the latest WGC Gold Demand Trends report: • Q2 2016 continued in the same vein as Q1 with overall gold demand growing to 1,050 tonnes, up 15% from the Q2 2015. • Q2 investment demand was 448 tonnes, up 141% from 186 tonnes in the same period last year. • Investment has now been

Some key findings of the latest WGC Gold Demand Trends report:

• Q2 2016 continued in the same vein as Q1 with overall gold demand growing to 1,050 tonnes, up 15% from the Q2 2015.

• Q2 investment demand was 448 tonnes, up 141% from 186 tonnes in the same period last year.

• Investment has now been the largest component of global gold demand for two consecutive quarters – the first time this has ever happened.

• H1 demand for coins, bars and especially exchange-traded funds reached 1,064 tonnes, up 16% from the previous first-half year record in 2009.

• Western investors generated the bulk of this demand, with smaller-scale investors very much in evidence in the U.S. and Europe.

• The jewellery sector was depressed, with high and volatile prices creating unfavourable conditions for consumers in most markets.

• Q2 global jewellery demand fell 14% to 444 tonnes versus 514 tonnes in the same period last year.

• At 77 tonnes, central bank demand decreased 40% in Q2 2016, compared to 127 tonnes in the same period last year.

• Nevertheless, overall gold demand for Q2 2016 increased by 15% to 1,050 tonnes, up from 910 tonnes in Q2 2015

Related posts

Leave a Reply

Minimum 6 characters