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Global Demand for Gold Declines to Lowest Level in 11 Years

M. Ali 30 October, 2020 10:35 pm Commodities, Market Update

The global demand for gold declined during the third quarter (Q3) of 2020 by 19% year-on-year.

Demand during Q3 for the yellow metal amounted to 892 metric tons, the lowest quarterly level registered since 2009, according to data by the World Gold Council.

Meanwhile, investments in the gold sector rose by 21% to reach 494.6 metric tons.

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