Gold Demand Trends Q2 2013

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During the tumultuous quarter, jewellery demand grew significantly to reach multi-year highs, while record demand for gold bars and coins was offset by well-documented ETF outflows. Central bank demand slowed in Q2, yet remained within the broad 70-160 tonne range and marked ten consecutive quarters of purchases. A marked decline in the supply of recycled gold resulted in a 6% decline in total gold supply to 1025.5 tonnes.

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