Gold Supply and Demand Fundamentals for Q1 2013
May 19, 2013 at 15:11 PM EDT
Global gold demand for the first quarter of 2013 declined both in terms of tonnage (-13%) and dollars (-16%). The volume decline was driven primarily by 177 tonnes of outflows from ETFs, versus inflows of 53 tonnes last year. If we remove this component from the mix, total global demand actually increased by 8% [...]