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ETF outflows hit global gold demand

Gold demand fell by 7% year-on-year in the September quarter, as outflows from global gold ETFs outweighed robust jewellery demand and rising central bank purchases, according to the World Gold Council (WGC).

ETF outflows hit global gold demand ETF outflows hit global gold demand ETF outflows hit global gold demand ETF outflows hit global gold demand ETF outflows hit global gold demand

Overall demand (excluding OTC) was 831 tonnes, while supply was down 3% yoy due to a drop in recycling. ETFs holdings were 3,592 tonnes in the quarter.

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