RESEARCH AND ANALYSIS
Global demand for gold plunged 12% to a six-year low in Q2 2015, as buyers
in Asia lost their appetite for the metal, according to the World Gold
Council's latest Gold Demand Trends report.
Demand for the precious metal fell 914.9 tons between March and June, down
from 1,038 tons during the same period in 2014, the report said.
China and India accounted for nearly half of the drop, with global demand
for jewellery, which makes up about 60% of global gold consumption, falling
by 14% to 513.5 tons for the quarter.
The WGC report said European investors were alone in their more positive
stance towards gold bars, coins and ETFs as a response to the deteriorating
situation in Greece.
Prospects for the remainder of the year are more encouraging, with
consumers likely to respond favourably to the recent drop in the price of
gold, the WGC predicted, and the onset of the festival and wedding season in
India also likely to bolster demand.
Download
Gold Demand Trends Second Quarter 2015 from The World Gold Council (pdf
902kb)
