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Gold Coins, Bars In Demand – +9% In Q1, 2017

by Mark O’Byrne, Gold Core:

Gold Coins and Bars Demand Rises 9% In Q1, 2017

– Global gold demand in Q1 2017 was 1,034.5t
– Total demand -18% from record high levels in Q1, 2016
– Demand for coins and bars up 9% yoy to 290 t
– UK demand for coins, bars at highest since Q2 2013
– ETF inflows fell by 2/3, account for overall -18% fall in demand
– European uncertainty brings gold investors to market
– Innovation continues to drive gold demand in China
– Peak Gold: Mine production likely to drop

Global gold demand driven by climb in bar and coin investment

Uncertainty in Europe increased demand for gold investment products in the first quarter of the year, according to the World Gold Council’s Gold Demand Trends Q1, 2017 report.

Across the globe a mixture of festivities and renewed safe haven buying saw demand for gold bars and coins climb by 9%.

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