Gold Demand Slides to 7-Year Low
Gold Demand Slides to 7-Year Low

Gold Demand Slides to 7-Year Low

Gold Demand Slides to 7-Year Low

Physical gold demand fell 20% last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report on Thursday, as a rebound in prices after three straight years of losses blunted appetite for the metal. Buying of jewelry, coins and bars, plus official sector and industrial demand, fell to 3,349 tons last year from 4,184 tons in 2015, the analysts said, the lowest in seven years. That helped lift the net surplus in the gold market to 1,176 tons, up from just 220 tons in 2015 and the biggest physical surplus this century.


Short URL : https://goo.gl/7uaBtk
  1. https://goo.gl/2FI9ob
  • https://goo.gl/h533hr
  • https://goo.gl/Qv0Vkx
  • https://goo.gl/MXj6t4
  • https://goo.gl/nrH2an

You can also read ...

More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...

Add new comment

Read our comment policy before posting your viewpoints