Gold Demand Trends Full Year 2016
A four-year high in investment drove price gains and demand growth2016 full-year gold demand gained 2% to reach a 3-year high of 4,308.7t. Annual inflows into ETFs reached 531.9t, the second highest on record. Declines in jewellery and central bank purchases offset this growth. Annual bar and coin demand was broadly stable at 1,029.2t, helped by a Q4 surge.
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Key highlights
2016 was the second best year for ETFs on record
Global demand for gold-backed ETFs and similar products was 531.9t - the highest since 2009. Q4 saw outflows.
The gold price ended the year up 8%
Having risen 25% by the end of September, gold relinquished some of its gains in Q4 following Trump's conciliatory acceptance speech and the FOMC's interest rate rise.
2016 saw a 7-year low for jewellery demand
Rising prices for much of the year, regulatory and fiscal hurdles in India and China's softening economy were key reasons for weakness in the sector.
India's shock demonetisation policy brought the market to a virtual standstill
An initial rush for gold following the policy announcement came to a swift halt in the ensuing cash crunch.
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The World Gold Council's detailed publication on gold demand and supply trends during 2016, analysed by sector and by region.
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Gold demand statistics
Latest statistics on gold global supply and demand. View full year 2016 gold statistics.
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February 3, 2017
#Gold Demand Trends Full Year 2016 @GoldCouncil
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