Gold Demand Trends Full Year 2018

Investors purchase 1090 tonnes of gold in coins and bars – 2018

World Gold Council/1-31-2019

“Annual gold demand gained 4% on highest central bank buying in 50 years. Gold demand in 2018 reached 4,345.1t, up from 4,159.9t in 2017 and in line with the five-year average of 4,347.5t. A multi-decade high in central bank buying (651.5t) drove growth. Demand was bumped up in Q4 by 112.4t of ETF inflows, but annual inflows into these products (of 68.9t) were 67% lower than 2017. Investment in bars and coins accelerated in the second half of the year, up 4% to 1,090.2t in 2018. Full year jewellery demand was steady at 2,200t. Gold used in technology climbed marginally to 334.6t in 2018, although growth ran out of steam in Q4. Annual gold supply firmed slightly to 4,490.2t, with mine production inching up to a new high of 3,364.9t.”

USAGOLD note:  Wanted to get this  link posted for those who like to follow fundamental trends in the physical gold bullion market.  We hope to take a closer looks at WGC annual assessment over the next few days and report back with our own observations and analysis.

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