Q3 Gold Demand Disappoints

According to data from the World Gold Council's most recently released Gold Demand Trends, while physical buying is up for investment coins and bars, overall demand for gold globally is down in quarter 3 of 2017.

Thanks in large part to a significant drop in jewelry volume from India, demand for gold is down 9 percent from Q3 2016, with just 915 tons moved. Also hurting the figures was an overall stall in the inflow of the precious metal for ETFs (exchange-traded funds).

However, on a positive note, gold coins and bars are up in demand by 17 percent from 2016. Further, demand from China in the retail investment market is up for the 4th quarter in a row. Similarly, the Russian and Turkish central banks are also investing into their reserves.