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Gold Coins And Bars See Demand Rise Of 11% In H2, 2017

Executive & Research Director @ GoldCore
August 3, 2017

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
  • Gold coins and bars rebounded 13% in H1

  • Global jewellery demand grew 8% to 481t, from 447t in the same period last year
  • Central bank demand climbed 20% to 94t compared with 78t in Q2 2016
  • Demand in the technology sector increased 2% to 81t compared with 80t in Q2 2016
  • Total supply was down 8% to 1,066t, from 1,160t in the same period last year
  • Recycling fell 18% to 280t compared with 343t in Q2 2016

The Gold Demand Trends Q2 2017 report, which includes comprehensive data provided by Metals Focus, can be viewed at Gold Demand Trends.

Source: Palisade via GoldCore

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 


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