Global demand for gold climbs 4% in the fourth quarter

Market news

11 February 2016

Global demand for gold climbs 4% in the fourth quarter

The World Gold Council (WGC) released its report on Thursday. The World Gold Council (WGC) released its report on Thursday. Demand for gold totalled 1,117.7 tons in the fourth quarter, up 4% from the same period in 2014. It was the highest demand in more than two years.

The increase was mainly driven by central banks (+25%) and investment (+15%).

Global demand for jewellery fell by 1% in the fourth quarter to 671.4 tons, down from 677.4 tons a year ago. Jewellery makes up about 60% of global gold consumption.

In 2015 as whole, global gold demand was flat compared to the previous year, while global supply fell by 4%.

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