donderdag 13 augustus 2015

World Gold Council: Q2 2015 gold demand has cratered

According to the WGC, Q2 gold demand has fallen substantially.

Demand was only 915 tonnes, dropping 12% yoy.
Supply was at 1033 tonnes, down 5% yoy.

This is confirmed by gold hitting a 5 year low recently.

But it's very interesting to see that SGE withdrawals have hit multi year highs at 70 tonnes per week in July. So i'm predicting that Q3 gold demand will be much better.

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