Demand for gold jewellery in the UK falls: World Gold Council
Demand for gold has decreased in Europe, according to the World Gold Council (WGC). The demand is particularly down in the UK where demand fell 10% to a three-year low of 3.8t. The council released its gold trend for Q2 2017 and reported a 4% fall in demand for gold jewellery across Europe. Globally, the demand for gold jewellery was 480.8t which was 8% higher year-on-year. In some parts, global gold demand in Q2 2017 fell 10% compared with the same period in 2016.