Hedging lifted mine supply but production is plateauing, says World Gold Council.
by Prinesha Naidoo
Mine Web
Economic uncertainty driven by unconventional monetary policies saw gold demand kick off the year at a record pace.
Global gold demand rose 21% year-on-year to 1 290 tonnes between January and March 2016, marking its best ever start to a year and second strongest quarter on record.
[…] The World Gold Council’s Gold Demand Trends report shows investment demand, comprising total bar and coin demand, Exchange Traded Funds (ETFs), and central bank and institutional demand, rose 122% to a seven-year-high of 618 tonnes. “Gold found favour for its role as an effective risk diversifier, enhanced by its added benefits of liquidity and relatively low volatility,” said the World Gold Council.