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WGC: Gold demand up in 2016

Investment buying of physical gold pushed the yellow metal to a 2% gain in overall consumption in 2016, which reached a three-year high at 4309 tonnes and pushed the price of the safe-haven asset 8% higher, according to World Gold Council numbers released late this week.

WGC: Gold demand up in 2016 WGC: Gold demand up in 2016 WGC: Gold demand up in 2016 WGC: Gold demand up in 2016 WGC: Gold demand up in 2016

Indian prime minister Narendra Modi has caused havoc in the country's gold market through his monetary policy

Excitement around exchange-traded funds (ETF) and steady demand for gold bars and coins eclipsed a poor year for jewellery demand, lacklustre buying by the central bank and a confused 12 months for