Gold demand stayed soft in Q2, dropping to 964.3t. The H1 total of 1,959.9t is the lowest since 2009.
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Gold demand of 973.5t was the lowest Q1 since 2008. The main cause was a fall in investment demand for gold bars and gold-backed ETFs, partly due to range-bound gold prices.
The World Gold Council is pleased to announce the release of its "Guidance for Monetary Authorities on the recommended practice in accounting for monetary gold".
Ezechiel Copic, Director, Central Banks and Public Policy in conversation with Kenneth Sullivan, author of the new report Guidance for Monetary Authorities on the recommended practice in accounting for monetary gold on why the World Gold Council commissioned this guidance and how it can benefit monetary authorities.
Gold demand rallied in the closing months of 2017, gaining 6% year-on-year (y-o-y) to 1,095.8 tonnes (t) in Q4. But it was too little, too late: full year demand fell by 7% to 4,071.7t.