Global gold demand hits six-year-low as China, India buy less
By GCRU Gold News on Friday, August 14 2015, 09:32 - Permalink
Global gold demand dropped 12% in the second quarter of the year, hitting a six-year low of 914.9 tonnes, data from the World Gold Council shows.
According to the industry body’s Gold Demand Trends, demand was down in all sectors, due mainly to a decline in consumption from top buyers India and China.
Global gold demand hits six-year-low as China, India buy less
The statistics for these charts from from the respective countries own imports - they are gross numbers.
Over seven of the last nine months demand has been greater than production.
Import demand has never been higher - ever.
Seems to me that the WGC are not doing their job.!!!
Why are they not promoting gold but rather hiding how strong demand is???
One must ponder this question?