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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.

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

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 India...

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