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Commodities Briefing - Categorized | Bullion/Gold, Investment, Trends more

Gold demand hits 4-year low as investors pull out - WGC

Posted on 16 August 2013

Gold demand hit a four-year low in the second quarter, despite surging appetite for jewellery, coins and bars, as investors exited bullion funds and central bank buying more than halved, the World Gold Council said.
Lower prices following a selloff in April, when spot gold dropped $200 an ounce in two days in its sharpest slide in 30 years, and another retracement in June sent bar and coin demand to record highs and jewellery buying to its strongest in nearly five years………………………………………..Full Article: Source


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