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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

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.


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...

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