You are here

Gold demand slides to eight-year low in third quarter

Jewellery buying fell and inflows into bullion-backed ETFs dried up, says World Gold Council

BT_20171110_WEEGOLD10_3170269.jpg
On the supply side, overall gold mine output was down one per cent at 841 tonnes in the third quarter, while recycled gold supply dropped 6 per cent to 315 tonnes.

London

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

Overall demand fell 9 per cent to 915 tonnes, its weakest since the

sentifi.com

Market voices on:

Powered by GET.comGetCom