Global Gold Demand Fell 17%, Value Rose 5%, India and China Account for More than Half of Total Demand

Forbes reported that global demand for gold is down as prices continue to increase.

The market news is quoted as saying:

Central banks are likely to remain net purchasers of gold, the WGC said. Banks in the second quarter bought 69.4 metric tons during the second quarter demonstrating that central banks are continuing to turn to gold to diversify their reserves.

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