Global gold consumption and investment rebounded in the second quarter. Total demand for gold rose steadily

　　China News Service, Beijing, July 29 (Reporter Yan Xiaohong) The "Global Gold Demand Trend Report" released by the World Gold Council on the 29th pointed out that in the second quarter of 2021, global gold consumption and investment demand will increase, and the total global gold demand will reach 955.1 tons, an increase of 9% from the previous quarter, and basically the same as the same period last year.

　　In the second quarter of this year, most important indicators for measuring consumer gold purchases rose.

Among them, the demand for gold bars and gold coins increased year-on-year for the fourth consecutive quarter, reaching 243.8 tons, an increase of 56% year-on-year.

　　At the same time, global gold jewellery consumption totaled 390.7 tons, an increase of 60% over the same period last year.

　　Although the demand for gold jewellery, gold bars and gold coins has risen sharply, some institutional investors have taken a more cautious attitude and have reduced the allocation of gold.

In the second quarter, the global gold ETF (Exchange Traded Fund) holdings only increased slightly by 40.7 tons.

According to the report, gold ETFs are financial instruments backed by physical gold, and their fluctuations are often dominated by institutional investors.

This inflow can only partially offset the large outflow in the first quarter. Therefore, the global gold ETF has a net outflow in the first half of the year for the first time since 2014.

　　Regarding the gold demand for the whole year of 2021, the World Gold Council predicts that the global demand for gold jewellery may be between 1600 tons and 1800 tons, which will be much higher than the demand for gold jewellery in 2020, but may still be lower than the average level of the past five years; The physical investment demand for gold should be between 1,250 tons and 1,400 tons, or slightly lower than last year, but it is expected to be basically the same as the average level in the past 10 years; the global gold supply is expected to achieve a slight increase compared with last year.

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