Gold News: World Demand Rises in Q3

Gold bars, gold chart
Written by Mike Hammer

Reports are coming out for the latest quarter gold market.  Initial reading indicates increases on both the demand AND supply sides. Retail demand in India looks to be up about 10% in early figures, a little less than anticipated, which we would put down to rising prices in local currency.

Two specifically interesting bits: Iranian demand continues to be high, about 21 tonnes bought up in local markets while the country works through the repercussions of sanctions from the West. Prices dropped in the UAE, which might lead to increased demand there. And, mines contributed 875 tonnes in Q3 for a sixth consecutive quarter of increases.  If we are at peak gold, then apparently we’re still at the peak…  Today’s featured article gives LOTS of detail into the bits and pieces that together make up our gold markets.

Question of the day: Do you think that we’re actually at peak gold, or can producers continue to produce at these levels for many years to come?  Sound off in the Comments below…

Continue reading at Economic Times

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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