World Gold Council: Gold Demand trends Q2 2012

     
New issue of Gold Demand Trends Released today: Gold Demand Trends, Second Quarter 2012

Our quarterly publication, Gold Demand Trends examines demand trends by sector and geography. The most recent review of the second quarter of 2012 comprises four sections:

Executive Summary
Overview of the factors driving gold demand in Q2 2012, together with forward looking views and opinions on the dynamics and trends in the gold market at a regional and sector level.

Global gold market  Second quarter 2012 review – demand and supply synopsis.

Focus Report
Russia's gold evolution – A discussion of Russia's growing role in the global gold market.

Gold Demand Statistics (GDS)
Gold demand and supply statistics for the quarter. These statistics are supplied by Thomson Reuters GFMS.

Overview

Global gold demand in Q2 2012 was 990.0 tonnes (t), down 7% from the 1,065.8t in Q2 2011 according to the World Gold Council’s Gold Demand Trends report.  This dip in demand was partly due to the comparison with exceptional demand last year, and also reflects the challenging global economic climate. In this context, gold performed as expected, acting as both a store of value and a source of liquidity.

In value terms gold demand remained relatively stable year on year at US$51.2 billion, compared to US$51.6 billion in Q2 2011. During the quarter, the average price of gold was US$1609.49 per ounce, 7% higher than the average for Q2 2011.

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