CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

Gold demand dips 15pc globally

Published: 20 Feb 2014 - 01:18 am | Last Updated: 26 Jan 2022 - 11:32 pm

 

London: Global gold demand fell by 15 percent to a four-year low in 2013, the World Gold Council said, as US investors frantically attempted to offload their holdings to punt on recovering stock markets as signs of growth returned. 
The figures cover the buying of coins, bars and sophisticated investment products such as exchange traded funds (ETFs) that own bullion, as well as purchases by central banks and demand from electronics and jewellery manufacturers. QNA