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Friday, 12 August 2016

Have we fallen out of love with gold?

Have we fallen out of love with gold, or are we simply unable to afford it? Demand for jewelry across the Middle East plunged 22% in the first half of this year to 45 metric tons — and the decline in Egypt was the worst in the region, falling “40 percent to 5.3 tons, the lowest on record,” Bloomberg says, picking up on a report on global demand issued by the World Gold Council yesterday. You can download the full report here (pdf) or check out the landing page here to have access to extras including PPT files of the charts.

Are you a gold bug? CNBC suggests “you’re not alone as gold demand sets a new record.” And if you are, you’re in, uh, great company: Trump supporters are definitely down with investing in gold, according to this right-wing website.

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