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Global Gold Demand was Flat in 2015
Global gold demand was broadly unchanged last year, but a fall in supply could be positive for the market going forward, said the World Gold Council Thursday. Demand in China, one of the biggest buyers of the precious metal, also fell, in another sign of that country's fragile economic state. Total demand in 2015 weighed in at 4,212.2 tons, compared with 4,226.4 tons the previous year, according to the industry body's most recent Gold Demand Trends report. However, gold demand growth rose toward the end of the year-- fourth-quarter demand was 1,117.7 tons, up 4% from the same period a year earlier. The first half of ... (full story)
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