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Main » 2016 » May » 13 » Demand for gold is rising
09:11
Demand for gold is rising

 

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Global demand for "yellow metal" pulled in the first 3 months of 2016 against a background of economic uncertainty and monetary gain "laxatives" policy by the Bank of Japan and the ECB - for AMarkets materials.

 

AMarkets

 

According to the World Gold Council's organization (WCG), demand for the metal in the first quarter rose to the level of 1289.8 tonnes - the maximum increase. An important point - the main driver of metal demand has appeared on "paper" gold. Last year in the same period the demand was 363.7 tonnes. At the same time it proved to be a record 363.7 tons in volume, if you count from the first quarter of 2009.

 

The graph - a jump in demand for ETF-gold in the first quarter:

 

Interestingly, the demand for physical gold was weak amid rising metal prices by 17% in 2016. Compared to 2015 m, on the gold jewelry demand fell 19% to 481.9 tons. Demand for real gold from the central banks and institutional players also fell - by 3% (up to 109.4 tons). Demand for bars and coins rose by 1% - up to 253.9 tons. Demand for physical gold from India fell by 39% to 116.5 tonnes from China - by 12% to 241.3 tons from the Middle East - by 9% to 79.3 tonnes. This is compared to 2015.


America was a big exception to the general trend. The growth of US demand for physical metal was 5% to 1134.9 tons (physical + paper metal demand increased by 21%!). In this case the period gold production in the US increased by 8% during the quarter.

 

 

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