Gold Demand Shrinks a Year After the Infamous Market Collapse
NEW YORK (TheStreet) -- A year after gold experienced its worst quarter in three decades, demand for the yellow metal has taken a hit.
Total demand for the second quarter of 2014 fell 16.1% to 963.8 tons from the same quarter a year ago, when the price of gold fell more than 23%, according to a report by the World Gold Council.
The report tallies central bank purchasing, jewelry, technology, buying of bars and coins and ETF and other similar financial products.
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