Proactive Investors - Run By Investors For Investors

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.

 
View full PROAC profile View Profile

Proactiveinvestors Timeline

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use