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Global gold bar, coin demand drops 30pct y/y in Q3: WGC

Posted on 16 November 2012

Investors continued to buy gold at historically high levels, but investment demand was down from particularly high levels seen during the same period in 2011, said World Gold Council in a quarterly report.
According to WGC, the most significant contribution to the fall in gold demand came from the drop in bar and coin investment. This was largely reflective of a lack of strong inflows in certain (notably Western) markets, rather than the emergence of any strong profit-taking activity. Demand from this category of investment was 30% weaker year-on-year at 293.9 tonnes, translating to a 32% decline in value to US$15.6bn………………………………………..Full Article: Source

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