By: Mike Hammer
The World Gold Council released their report on 2017 gold demand in early February. There are several highlights in the report, including the first jewelry demand increase since 2013 (see page 2). The report notes that demand in Q4 was up, and generally saved the year.
Jewelry demand was up in both India (p. 2) and China (p. 4), good news as those are the two biggest markets. The report also notes that gold ETF and “bar and coin” sales were down in 2017 compared to 2016 (p. 6-7). So it seems people want to wear their gold more than have it in a safe, perhaps? The Gold Enthusiast likes this report because it’s written in relatively simple language so almost everyone can understand it. (Snarky comment implied, but we’ll leave that up to you.)
You can get your copy of the report here, and peruse it to your heart’s content.
Related: Here’s Why Russia’s Stockpiling Gold