Gold Demand at 8-Year Low
Gold Demand at 8-Year Low

Gold Demand at 8-Year Low

Gold Demand at 8-Year Low

Gold demand slumped 14% in the first half of 2017 to hit the lowest level in eight years as US traders exited the haven investment, the World Gold Council said Thursday, AFP reported. Global demand dropped to 2,004 tons in the first six months of the year compared with the first half of 2016, the WGC said in its latest quarterly report. “The last time H1 demand was lower...was in 2009” when it totaled 1,853 tons, a spokeswoman confirmed to AFP. Most of the drop in demand came in the second quarter, with it sliding 10% to 953.4 tons compared with the April-June period in 2016, the WGC added.


Short URL : https://goo.gl/g52z64
  1. https://goo.gl/Ly6MWB
  • https://goo.gl/ciwMog
  • https://goo.gl/Qoq1MW
  • https://goo.gl/zDVhRS
  • https://goo.gl/4dtydm

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
The bankruptcy of investment bank Lehman Brothers on September...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...

Add new comment

Read our comment policy before posting your viewpoints