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WGC Reports Surge In Gold Demand During Q3 2015

Topics [ gold market invest in gold ]

RESEARCH AND ANALYSIS

Key findings from ‘Gold Demand Trends Third Quarter 2015’

Global demand for gold rose 8% in Q3 2015, according to a new report published by the World Gold Council.

With their eyes on lower prices, bargain-hunting investors purchased 295.7 tonnes of gold bars and coins, it said, pushing demand for these products 33% higher year-on-year.

Demand from central banks and other official institutions almost matched the 179.5 tonnes record from Q3 2014. Meanwhile, demand for gold jewellery grew 6% year-on-year as lower prices during July and early August attracted buyers.

Gold consumption totalled 1,120.9 tonnes between July and September this year, up from 1,041.9 tonnes during the same period in 2014, the report said.

Download your full copy Gold Demand Trends Third Quarter 2015 (1.3MB)

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