Q2 gold demand of 953.4t was 10% lower than 2016, while H1 demand slowed 14% to 2003.8t. Y-o-y comparisons are affected by the record ETF inflows in 2016: demand from this sector slowed dramatically after last year’s H1 surge. Net central bank purchases of 176.7t were also slightly lower in the first half (-3%). Contrastingly, bar and coin investment was positive, as was jewellery demand, although the latter remains weak in a long-term context. Technology demand also made modest gains.
Read the full report
The World Gold Council’s detailed publication on gold demand and supply trends during the second quarter 2017, analysed by sector and by region.
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