Gold Coins and Bars See Demand Rise of 11% in H2, 2017

Gold Coins and Bars See Demand Rise of 11% in H2, 2017

– 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

The Gold Demand Trends Q2 2017 report, which includes comprehensive data provided by Metals Focus, can be viewed at Gold Demand Trends.

News and Commentary

Gold could strengthen on seasonality in August and September – GoldCore via Marketwatch (MarketWatch.com)

Dow has its first close above 22,000 (Yahoo.com)

Trump Signs Russia Sanctions Bill, But Lays Out His Concerns About the Law (Bloomberg.com)

‘Zuma will use the army to cling to power if he loses next week’s no confidence vote’ – analyst (TheSouthAfrican.com)

Man claims to have found first silver piece minted by the U.S. (CTVNews.ca)

: Source: Palisade via GoldCore

Turks Panic-Buy The Most Gold Ever In July (ZeroHedge.com)

What Is It About 1906ET That Spooks Precious Metals ‘Traders’? (ZeroHedge.com)

Dollar And Equities Will Plunge Together – While Gold Spikes (DollarCollapse.com)

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Crypto-currencies are mirroring pre-crash banking systems – Kaminska (FT.com)

Gold Prices (LBMA AM)

03 Aug: USD 1,261.80, GBP 952.41 & EUR 1,064.96 per ounce
02 Aug: USD 1,266.65, GBP 956.83 & EUR 1,069.56 per ounce
01 Aug: USD 1,267.05, GBP 957.76 & EUR 1,072.30 per ounce
31 Jul: USD 1,266.35, GBP 965.59 & EUR 1,079.06 per ounce
28 Jul: USD 1,259.60, GBP 961.96 & EUR 1,075.45 per ounce
27 Jul: USD 1,262.05, GBP 960.29 & EUR 1,076.53 per ounce
26 Jul: USD 1,245.40, GBP 956.72 & EUR 1,071.29 per ounce

Silver Prices (LBMA)

03 Aug: USD 16.47, GBP 12.50 & EUR 13.91 per ounce
02 Aug: USD 16.67, GBP 12.60 & EUR 14.09 per ounce
01 Aug: USD 16.74, GBP 12.67 & EUR 14.17 per ounce
31 Jul: USD 16.76, GBP 12.77 & EUR 14.29 per ounce
28 Jul: USD 16.56, GBP 12.66 & EUR 14.15 per ounce
27 Jul: USD 16.79, GBP 12.77 & EUR 14.34 per ounce
26 Jul: USD 16.37, GBP 12.54 & EUR 14.06 per ounce

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