Facts ‘n’ Figures: Gold demand nears new record, WGC says

The following is a release by the World Gold Council detailing global gold demand in the second quarter of 2016. The full 26-page Gold Demand Trends report is available for free download at www.gold.org. Global gold demand reached 2,335 tonnes (75.1 million oz) in the first half of 2016 with investment reaching record levels for any first half of a year (H1), 16% higher than the previous record in H1 2009, according to the World Gold Council’s latest Gold Demand Trends report. The second quarter of 2016 continued in the same vein as the first quarter of this year with overall gold demand growing to 1,050 tonnes (33.8 million oz), up 15% from the second quarter of 2015 figure of 910 tonnes, boosted by considerable and consistent investment demand. Investment demand reached 448 tonnes (14.4 million oz) as investors sought risk diversification and a safe store of value in the face of continued political, economic and social instability. Read the entire story at www.NorthernMiner.com/commodities-markets/facts-n-figures-gold-demand