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World Gold Council says stable demand in Q3 'masks two divergent flows'

Alistair Hewitt from the World Gold Council joins Proactive Investors to review Q3 gold demand trends.

He observes, "overall demand has been fairly stable, but that masks two divergent flows. On the one hand we've seen significant   outflows from gold-backed exchange traded funds (ETFs)... and that contributed to softness in the gold price, but the consumers really did respond; we saw significant growth in bar and coin demand, in jewellery demand, and really interestingly there was very strong central bank buying as well."

 

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