According to this document, last year the supply of gold decreased by 2% to 4,339.9 t as a result of a reduction in gold processing due to a decrease in the price of yellow metal, which was not offset by the increase in its production.
As for gold jewelry, in 2013 the demand for them reached the highest level over the past 16 years, so consumers around the world reacted to the decline in gold prices. At the end of the year, the demand for gold jewelry amounted to 2,209.5 tonnes, which is 17% higher than in 2012 and is the highest since the beginning of the financial crisis in 2008.
In the investment segment last year, multidirectional trends were observed. The demand for gold bullion and coins rose to a record high of 1,654.1 tons, as a result of individual investors taking advantage of lower prices. At the same time, large-scale sales to Western investors, which are investors of exchange-traded funds (ETF), showed a decrease of 880.8 tons.
The annual demand for gold used for industrial purposes stabilized at 404.8 tons against 407.5 tons in 2012 year. The prevalence of a low price and the improvement of the prospects for the world economy helped maintain a broad sectoral demand for gold.
No comments:
Post a Comment