– Gold coins, bars see demand rise of 11% in H2, 2017 to 532 tonnes according to WGC Gold Demand Trends

– Gold investment demand strong in China, India & Turkey

– Demand in Turkey surges on double digit inflation

– Total gold demand declines in Q2 on slower U.S. ETF inflows

– Gold held in ETFs in Europe reached all time high of 978t

– U.S. ETF inflows slowed from last year’s record

– Central banks continue to buy – 94t of declared purchases

– Turkey joined Kazakhstan & Russia in buying gold

– Well balanced market: ETF inflows continue and jewellery, technology and bar & coin demand up

– Important to note this is all official, transparent and recorded demand. There is demand and flows of gold that cannot be and are not recorded – especially into the Middle East, India, Russia and of course China

Key findings included in the Gold Demand Trends Q2 2017 report are as follows:

• Overall demand was 953t, a fall of 10% compared with 1,056t in Q2 2016


• Total consumer demand rose by 9% to 722t, from 660t in the same period last year


• Total investment demand (ETFs) fell 34% to 297t compared with 450t in Q2 2016


• Gold coins and bars rebounded 13% in H1


• Global jewellery demand grew 8% to 481t, from 447t in the same period last year


• Central bank demand climbed 20% to 94t compared with 78t in Q2 2016


• Demand in the technology sector increased 2% to 81t compared with 80t in Q2 2016


• Total supply was down 8% to 1,066t, from 1,160t in the same period last year


• Recycling fell 18% to 280t compared with 343t in Q2 2016

Click here to read full story on GoldCore.com….

Important Guides

For your perusal, below are our most popular guides in 2017:

Essential Guide To Storing Gold In Switzerland

Essential Guide To Storing Gold In Singapore

Essential Guide to Tax Free Gold Sovereigns (UK)

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