This latest edition of our Investment Commentary examines gold’s performance in 2015 and explores the factors that may influence gold in 2016.
Gold Demand Trends Full Year 2015
Gold demand in the fourth quarter increased 4% year-on-year to a 10-quarter high of 1,117.7t. Full year demand was virtually unchanged, down just a fraction (-14t) to 4,212t.
Alistair Hewitt, Head of Market Intelligence and Krishan Gopaul discuss the findings of the World Gold Council’s FY 2015 Gold Demand Trends report.
Gold Demand Trends Q1 2016
Gold demand reached 1,290 tonnes Q1 2016, a 21% increase year-on-year, making it the second largest quarter on record.
Gold Demand Trends Q2 2016
Continued growth in Q2 2016 (+15%) brought total H1 gold demand to 2,335t – the second highest first half on record.
The global gold bar and coin market has boomed in the past 10 years. Several factors have underpinned this growth, perhaps the most important being that successive financial crises have tested investors’ faith in governments, banks, monetary policies and fiat currencies around the world.
Global gold demand in Q1 2017 was 1,034.5t. The 18% y-o-y decline suffers from the comparison with Q1 2016, which was the strongest ever first quarter. Inflows into ETFs of 109.1t, although solid, were nonetheless a fraction of last year’s near-record inflows.
Q2 gold demand of 953.4t was 10% lower than 2016, while H1 demand slowed 14% to 2,003.8t.