Third-quarter gold demand slides to eight-year low, World Gold Council says

Section:

By Jan Harvey
Reuters
Thursday, November 9, 2017

LONDON -- Gold demand slid to its lowest in eight years in the last quarter as jewelry buying fell and inflows into bullion-backed exchange traded funds dried up, data from the World Gold Council showed today.

Overall demand fell 9 percent to 915 tonnes, its weakest since the third quarter of 2009, the WGC said.

That pattern is likely to feed through to the full year, with the WGC forecasting annual demand of just 3,900-4,000 tonnes, compared to 4,347 tonnes in 2016. Gold demand has not been below 4,000 tonnes on an annual basis since 2009. ...

... For the remainder of the report:

http://www.reuters.com/article/us-gold-wgc/gold-demand-slides-to-eight-y...



ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16