Gold demand was 964.3t in Q3, just 6.2t higher y-o-y. Robust central bank buying and a 13% rise in consumer demand offset large ETF outflows. Bar and coin demand jumped 28% to 298.1t as retail investors took advantage of the lower gold price and sought protection against currency weakness and tumbling stock markets. Jewellery demand rose 6% in Q3 as lower prices caught consumers’ attention. A growing number of central bank buyers saw demand in this sector rise 22% y-o-y to 148.4t, the highest level of quarterly net purchases since 2015. Technology registered its eighth consecutive quarter of y-o-y growth, up 1%. Sharp outflows in gold-backed ETFs offset growth across much of the gold market. Strong central bank and consumer demand offset ETF outflows Q3 jewellery demand saw price-led y-o-y growth of 6%. Price-conscious consumers took advantage of a declining gold price to boost Q3 demand. Demand for jewellery increased by 6% y-o-y, to 5...
from GoldBroker.com https://www.goldbroker.com/news/gold-demand-trends-964-tonnes-q3-2018-6-tonnes-higher-yoy-1425
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