| Demand for gold fell to its weakest level since 2009 in the second quarter, as Chinese buyers shunned purchases, the metals consultant GFMS said. “Almost all major physical gold markets suffered in the second quarter,” the London-based research firm, a unit of Thomson Reuters, said Tuesday in commentary published with its latest GFMS Gold Survey.
Physical gold demand fell 14% from a year ago, with demand for bars and coins falling 12%, and demand for jewelry declining 9%, it said. The decline in consumption came despite a 7.5% fall in average U.S. dollar gold prices. A cheaper dollar makes it more affordable for people with other currencies to buy gold...............................................Full Article: Source
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