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Hunan Weide Bulk Commodity Spot Trading Center
Investment Telephone: QQ Manager Liu
Hunan Weide Bulk Commodity Investment, Hunan Weide Agent, Hunan Weide Spot Investment, Hunan Weide Investment, Hunan Weide Bank Investment , Hunan Weide company agent, Hunan Weide silver agent, Hunan Weide personal agent, gold, silver, copper, fuel hydrocarbons, energy, palladium.
According to news, data released by the World Gold Council on Tuesday showed that global gold purchases fell by 2% in the third quarter due to declining consumer demand and central bank purchases halved, but gold investment increased. The World Gold Council said in its demand trend report that as supply also increased by 1%, the overall gold market had a quarterly oversupply of 1.3 tons, the level seen since the beginning of the year. Total global gold investment demand increased by 1% to 1,000 tons, but that was not enough to offset the decrease in buying in other areas, and overall demand fell by 1% to 1,000 tons. Consumer demand for gold jewellery, coins and bars fell sharply as rising gold prices discouraged buyers in major physical markets such as China and India. Gold buying demand among Chinese consumers fell by 20% as the economic outlook was uncertain and changing tastes affected people's preference for gold. India's demand for gold fell by 10%, causing global gold jewelry demand to fall by 10% in the third quarter to . , a record high for the same period in five years. However, the World Gold Council said falling gold prices and festive demand should improve buying demand this season.
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