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2016 World Gold Council Demand Trends

Global gold demand rose 2% y/y in 2016 to reach a three-year high of 4,309 tonnes. This increase was predominantly the result of strong safe-haven demand in the first half of the year. In 2017, we expect gold prices to be mainly driven by changes in US monetary policy as the Fed is likely to hike interest rates aggressively in response to rising inflationary pressures.

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