World Investment Demand for Gold Touched 495 Tonnes

From scrapmonster.com

The global investment demand for gold touched 494.6 tonnes in Q3 this year. This is significantly higher by 21% compared with Q3 2019, said the latest Gold Demand Trends Report published by the World Gold Council (WGC). The investment demand had totalled 408.10 tonnes in the third quarter of 2019. The investments into gold-backed ETFs grew by 272.5t during the quarter. The total holdings reached 3,880t at the end of the quarter. The year-to-date inflows into gold ETFs surpassed 1,000t. It must be noted that 300t and 431t were added in the first and second quarter of the year respectively. In value terms, the global ... (full story)