logo-loader
viewProactive Group

Tech demand for gold continues to grow with H1 2018 reaching three-year high

Alistair Hewitt, head of market intelligence for the World Gold Council, tells Proactive's Andrew Scott global gold demand remained muted in the second quarter of this year at 964 tonnes - 4% below the same period in 2017.

Slower inflows into gold-backed ETFs created a weak comparison against the highs of last year, contributing to the lowest H1 demand since 2009.

However Hewitt says the quarter saw the seventh consecutive period of year-on-year growth in the technology sector - driven by demand for smartphones, gaming consoles and vehicles.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Matador Mining Ltd nearing release of scoping study for Cape Ray gold project

  Matador Mining Ltd's (ASX:MZZ) executive director Adam Kiley tells Proactive's Andrew Scott they're getting to close to announcing a scoping study for its Cape Ray Gold Project in Newfoundland, Canada, which is expected to be released 'later this quarter'. ''Also in the past quarter...

20 hours, 4 minutes ago

2 min read