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Global gold demand slides to 6-year low in second quarter: WGC

Fri, Aug 14, 2015 - 5:50 AM

Spot gold was heavily rangebound in the second quarter, with the spread between its highs and lows the narrowest of any quarter in eight years.

PHOTO: REUTERS

London

GOLD demand hit a six-year low in the second quarter, a World Gold Council (WGC) report showed on Thursday, as sluggish price movement and the prospect of better returns in equities curbed interest in the metal.

Demand fell 12 per cent to 914.9 tonnes, with declines in China...

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