Global gold demand fell to the lowest level since 2009 in the first half of 2017. Higher prices, fading geopolitical risks and soft jewellery fabrication were the main factors behind the weakness in consumption. We expect appetite for gold to remain subdued in the second half of the year as Fed tightening dampens demand for safe-haven assets and India’s new tax regime disrupts purchases there.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.