According to a new study by the financial group HSBC, in 2015 the demand for gold will rise sharply and reach more than 4100 tons.
The increase in demand, according to HSBC experts, will occur for two reasons: the return of the Asian buyer and the increase in cash flow in the traded products (ETP), which are based on gold bullion.
Last year, prices for precious metal fell against the backdrop of a strengthening dollar and shares. The slowdown in economic growth in China and the restrictions on the import of gold in India led to a major reduction in the purchase of metal in the leading countries for gold consumption in the world. This affected the demand for gold jewelry, coins and bullion.
In 2015, HSBC expects a moderate recovery and a rise in demand in China and India. The price of gold will average $ 1,234 per ounce, which is almost 3% lower than the average price of $ 1,266 in 2014.
Central banks this year will increase their gold reserves, than support prices for precious metal. The total volume of gold purchases is expected to be 400 tons, which is 33% more than in 2014.