Q3 gold demand rises 6.2 mt on central bank, retail investor buying

摘要

Global gold demand rose6.2 mt in the third quarter from a year agoto 964.3 mt as buying from central banksand retail consumers offset outflows fromexchange-traded funds, the World GoldCouncil said Thursday.Bar and coin demand jumped 28% to298.1 mt as retail investors took advantageof lower gold prices to hedge against fallingequity markets and currency volatility, theresearch group said in a report.“Stock market volatility and currencyweakness also boosted demand in manyemerging markets,” WGC analysts said.“China — the world’s largest bar and coinmarket — saw demand rise 25% year overyear. Iranian demand hit a 5.5-year high.”