Gold demand falls to 8yr low in Q3

Global gold demand fell to an eight-year low in the third quarter of this year, following a “softer quarter” of demand in the jewellery sector and significantly lower inflows into exchange-traded funds (ETFs), the latest data from the World Gold Council (WGC) shows. The ‘Gold Demand Trends’ report for the third quarter shows a 9% year-on-year decline in gold demand to 915 t, the lowest level since the third quarter of 2009.