Global Gold Investment Demand Surges Record 122% In Quarter 1, 2016
GoldCore
GoldSeek.com
Thursday, 12 May 2016
Global gold demand surged a record 21% and gold investment demand a record 122% in Q1, 2016 according to the World Gold Council who released their ‘Gold Demand Trends Q1 2016’ report today.
The report is a leading industry resource for data and opinion on global gold demand. The quarterly publication examines demand trends by sector as well as geography.
Key findings re global gold demand in Q1 are
– Gold was a top-performing asset in Q1 – up 17% in USD terms
– Gold demand surged to the second-highest level ever – highest since Q4, 2012
– Overall demand for Q1 2016 increased by 21% to 1,290t, up from 1,070t in Q1 2015.
– Global investment demand was 618t, up 122% from 278t in the same period last year.
– UK gold investment demand surges 61% – low base to 3.2 tonnes
– EU gold demand very robust at 58.4t and Germany remains largest buyer in EU
– Central bank demand dipped slightly to 109t in Q1 2016, compared to 112t in the same period last year.
– Total consumer demand (primarily jewellery) was 736t down 13% compared to 849t in Q1 2015.
– Global jewellery demand fell 19% to 482t versus 597t in the first quarter of 2015
– Demand in the technology sector fell 3% to 81t in Q1 2016.
– Total supply was up 5% to 1,135t in Q1 2016, from 1,081t in the first quarter of 2015. Mine supply was up 8% to 774t.
The Rest…HERE
