Third-quarter identifiable global gold demand rose 12% from the year-ago period to 921.8 metric tons.
Demand was down 10% from the second quarter, largely due to a retreat from the “exceptional levels” of investment demand seen during the April-June period.
Identifiable demand includes jewelry, industrial and dental uses and investment. It does not include central banks, with net purchases or sales in any given quarter instead listed as a plus or minus number under supplies.
Tonnage climbed from last year despite a significant rise in the price of the metal itself. Gold rose 28% from the year-ago period to a quarterly record average of $1,226.75 an ounce, based on the London afternoon fixing, eclipsing the previous quarter’s record of $1,196.74.
In value terms, total third-quarter demand totaled $36.4 billion, a 43% rise from the same period a year ago.
Aluminium, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc - These are involved in our life to that extent, we can't even dream to live without them. |
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