30% decline in the purchase of gold during the second quarter

30% decline in the purchase of gold during the second quarter

30% decline in the purchase of gold during the second quarter

Demand for buying gold jewelery dip in Egypt by 30% during the second quarter of 2015, compared to the same period last year

For his part, the “World Gold Council” that Egypt’s consumption of gold jewelery rate of 8 tons, compared with 11.4 tons in the period of comparison.

He drew the Council, to the decline in global demand for gold to its lowest level in six years, during the second quarter of this year, stressing that the largest buyers of gold are still avoid buying the precious metal with the approach of its price to its lowest level.

It is noteworthy that, India and China, the two largest gold consumer in the world, responsible for half of the decline in global demand, which stood at 914.9 tons.

It is noteworthy that, the global gold market received a painful blow during the current year, with the high price of the dollar, and increased expectations on the decision, “the US Federal Reserve Bank” to raise US interest rates, along with uncertainty that prevailed at the beginning of the Greek debt crisis in 2015.

Leave a Reply

Your email address will not be published. Required fields are marked *