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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

Published Thu, Nov 9, 2017 · 09:50 PM

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    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 third quarter of 2009, the WGC said.

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