1079 tons of gold in global demand in the first quarter

1079 tons of gold in global demand in the first quarter

Showed the World Gold Council report on «gold demand trends» movement which buying and selling the yellow metal is made during the first quarter of this year in stable demand rate.

Total global demand as volume reached 1079 tons without any changes compared to the corresponding period last year, what is a clear indication of the stability of the fundamental factors in the market.

Consumer market sales in Eastern countries and exports 54% of China and India from the world’s total consumer demand during the first quarter of this year.

The report – which was released today Shall global demand for gold jewelery element is still the most important in the world’s total demand total of 601 tons in the first quarter of this year, a decline of three percent compared to the same period last year .. He stressed that the countries of South East markets East Asia has seen a good move included Malaysia, Indonesia, South Korea, Thailand and Vietnam.

Demand for gold jewelry in India rose by 22% to 151 tons, while the US market witnessed a stable growth rate of four per cent compared with 10% shrinkage rate of the demand for gold jewelery in all of Turkey, Russia, the Middle East and China to 213 tons during The first quarter of this year. The report also pointed out that investment demand is one of the global market for other major gold motors with a rise of four percent in the first quarter of this year compared to the same period last year to 279 tonnes of gold.

Net inflows into gold traded on the Stock Exchange 26 tonnes funds to score the first positive change since the last quarter of 2012 with Western investors return to the gold.

And it offers investment in bullion and gold coins under pressure in promising markets for investment in stocks, especially the markets of India and China as well as fluctuations in exchange rates in Turkey and Japan, but offset by strong demand for investment in retail under the euro umbrella increase of 16 per cent to 61 tonnes, especially in Germany and Switzerland.

The report pointed out that the central banks maintained their purchasing power and total purchases of gold 119 tons in the first quarter of this year, the same purchase volume compared to the first quarter of 2014, making central banks net buyers of gold for the quarter seventeenth, respectively, in the framework of continuing its policy of diversifying away currency for the US dollar.

Keep total supply to normal by 1089 tons, recording an increase of 2% in the first quarter of this year.

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