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Q3 2017 World Gold Council Demand Trends

Global gold demand fell in Q3 to the lowest level in 8 years, continuing the downward trend so far in 2017. Weak jewellery demand and stalling ETF inflows were the main factors behind the decline. With physical demand likely to remain relatively subdued and the prospect of five rate hikes by the Fed from now until the end of 2018, we expect gold prices to edge lower over the coming year.

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