Global Gold Demand Is Falling

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, February 14, 2013 Global Gold Demand Is Falling Annual demand for gold in 2012 reached a record $236.4 billion, but in terms of tonnage fell 4 percent year-over-year to 4,405.5 tonnes, according to a new report from World Gold Council. Central banks, however, bought 534.6 metric tons of gold last year, the highest level in nearly 50 years. Nevertheless, investor and central bank demand could not offset the drop in consumer demand. It's worth noting that annual gold demand was still 15 percent higher than the average for the previous five years. This chart shows the breakdown of gold demand by tons and gold price: In the fourth quarter gold demand totaled 1,195.9 tonnes, the second highest quarterly figure on record after Q3 2011. In value terms, demand reached $66.2 billion. In the fourth quarter jewelry and central bank gold demand increased, and India accounted for 11 percent of the YoY increase in jewelry demand. Read » Also On Money Game Today: STOCKS GO NOWHERE: Here's What You Need To Know FINANCIAL ADVISOR INSIGHTS: Demand For Floating Rate Notes Is On The Rise Advertisement CHART OF THE DAY: Why Buying An Old Home Is A Bad Investment CHART OF THE DAY: Investors' Attitudes Toward Corporate Cash Hoards Have Made A Major Bullish Shift CHART OF THE DAY: Spending Is The Problem Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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