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New industry data blames ETFs for pullback in precious metal sales
Thursday 10 Aug 2017 Author: Daniel Coatsworth

Global gold demand fell by 10% to 953 tonnes in the second quarter of 2017 versus the same period last year. The World Gold Council attributed the drop to a slowdown in investors putting money into gold-related exchange traded funds.

Central banks continue to buy gold, albeit at a more modest pace than in recent years, adds the industry body. Demand from central banks increased by 20% to 94 tonnes.

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