Precious Metals Update

1 November, 2018

Q3 2018 World Gold Council Demand Trends

After a lacklustre first half of the year, global gold demand rose in Q3, albeit marginally. We think that consumer demand may well remain soft in Q4, but the upturn in ETF holdings in October could continue over the next year and play a central role in sending prices to $1,300 per ounce by end-2019.

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