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Direct: Global gold demand increased in the first half of this year to reach its highest level in 3 years, driven by current purchases by central banks.
Data published by the World Gold Council showed Thursday Global demand On the gold rose to 2181.7 tons in the first half of this year.
In the second quarter of this year, global demand for yellow metal increased 8% to 1123 tonnes.
World demand for gold since 2010
Pink View of the world Gold rose about 6% to 1186.7 tonnes in the second quarter, thanks to a record increase in mining output.
The statement says that Central bank purchases Contributed to the increase in global demand for gold, the largest purchases for the first half amounting to 374.1 tons.
From April to June, purchases rose by 47%, reaching 224.4 tons.
Nine central banks increased their gold purchases by at least a ton in the first half of this year.
Purchases of gold by the central bank over a period of nine years
Poland was the most expensive country to buy gold in the last quarter, with an increase of 77% per 100 tonnes.
Russia increased its gold purchases by 38.7 tons during the quarter ending in June, reaching a total of 94 tons since the beginning of the year, compared to 105.3 tons for the same period in 2018.
In China, the Yellow Metal purchases by the People's Bank have increased by 74 tons since the beginning of 2019.
Purchases increased ETFs Overall, precious metal at the highest level in 6 years in the second quarter of 2019 to 2548 tons by 67.2 tons.
The main reason for the rise in investment fund purchases is persistent geopolitical uncertainty, the likelihood of a rate cut and rising gold prices in June, reaching their peak. highest level in six years, says the World Gold Council report.
In regards to Jewelry purchases And rose in the second quarter from about 12 percent to 168.8 tons, supported by the recovery of the Indian jewelry market.
In the first six months of 2019, purchases increased by 1,061.9 tonnes, the highest level in four years.
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