Gold demand slumps to lowest level since 2009

Sales slowed to 1,959.9 tonnes between January and June as consumers spurn commodityGlobal demand for gold fell to its lowest level since 2009 in the first half of this year as an improving US economy drove investors to riskier assets and consumers bought less gold jewellery, particularly in India where an inauspicious period for Hindus led to fewer weddings.Central bank purchases also slowed, although demand for gold used in electronics such as smartphones, games consoles and vehicles hit a three-year high. Continue reading…

Source: https://www.theguardian.com/business/2018/aug/02/gold-demand-slumps-to-lowest-level-since-2009