Data published by the World Gold Council today report that global demand for gold fell by more than a fifth in Q3 relative to the same period a year earlier, as Western investor appetite waned and heavy outflows from ETFs continued. But overall demand from consumers in emerging economies held up well, despite restrictions in India. What’s more, the fact that the price of gold still managed to edge up over the quarter points to further upside if (or when) market sentiment does recover.
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