Global gold demand reached 2,335 tonnes (75.1 million oz.) in the first half of 2016, with investment reaching record levels for any first half of a year (H1), 16% higher than the previous record in first-half 2009, according to the World Gold Council's latest Gold Demand Trends report. The second quarter of 2016 continued in the same vein as the first quarter of this year, with gold demand growing to 1,050 tonnes (33.8 million oz.), up 15% from 910 tonnes in second-quarter 2015, boosted by considerable and consistent investment demand. Investment demand reached 448 tonnes (14.4 million oz.), as investors sought risk diversification and a safe store of value in the face of continued political, economic and social instability.
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