Mining News

Monetary tightening, strong dollar to impact gold demand in the months ahead

Gold demand in the second quarter decreased by 8% year-on-year, industry association the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report shows. However, owing to significant inflows into gold exchange-traded funds (ETFs), gold demand for the first half of the year had increased by 12% year-on-year, WGC senior analyst Krishan Gopaul told Mining Weekly this week.

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