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Split demand for Gold in China and India – Commerzbank
On Friday, we reported on the key findings from the World Gold Council's quarterly report on Gold demand in the second quarter and first half of the year. The data is worth taking a second look at. The weakness in jewelry demand was particularly evident in China and India, due to the sharp rise in prices, Commerzbank's commodity analyst Carsten Fritsch notes. "Jewelry demand in China fell by 28% to 194 tons in the first half of the year, reaching its lowest level in a first half since 2009, apart from 2020, which was affected by the coronavirus pandemic. In India, jewelry demand amounted to just 160 tons in the first ... (full story)
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