A slew of investment in gold-backed exchange traded funds (ETFs) offset a decline in purchases of jewellery, bars and coins to push global gold demand slightly higher in the third quarter, the World Gold Council (WGC) said on Tuesday. The world’s appetite for gold was 1,107.9 tonnes over July-September, 3% more than in the same period last year, the WGC said in its latest Gold Demand Trends report. “The continued surge into ETFs more than compensated for weaker demand elsewhere,” said the WGC’s head of market intelligence, Alistair Hewitt. …read more
Source:: Yahoo Finance
