World Gold Council (WGC) report on Global Gold Demand

Published on August 02, 2019
Current context: In the first half of 2019, the global gold demand touched a 3-year high, as per the World Gold Council (WGC) report.
World Gold Council (WGC) report on Global Gold Demand  
  • The key drivers for the increase are sustained growth in gold-backed exchange-traded funds (ETFs) and continued central bank buying.
  • The main factors for driving inflows in holding gold-backed ETFs are geopolitical instability, rallying gold prices in June and dovish commentary on monetary policy from central banks.
  • According to the report, the overall jewellery demand in the 2nd quarter is pushed by 12% to 168.8 tonnes due to a strong recovery in India’s jewellery market.
  • Gold has touched multi-year high in terms of price, breaching $1400/oz for the 1st time since 2013.

Question: 

Q.1 According to the latest World Gold Council (WGC) report, the demand for gold is_____?
a. 3-year low
b. 3-year high
c. Stagnant since 2013
d. None of them

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