World gold demand set to hit four-year high – experts

Singapore (April 3)  Increased consumption by jewelers is expected to boost global demand for gold to its highest level in four years, an annual report by Metals Focus reveals.

One of the world’s leading precious metals consultancies expects the global consumption of gold to reach 4,370 tons in 2019 – the highest since 2015. The projected quantity is slightly up from 4,364 tons consumed last year.

Global gold supply is projected to see a modest increase of one percent to 4,707 tons in 2019. Growing production of the precious metal in West Africa, Canada and Russia will be reportedly offset by lower production volumes in South Africa, China and Indonesia.

RTnews

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