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Gold ETF Demand soared in 2016

Total Gold demand increased by 2% in 2016, mostly driven by ETF demand. In fact, ETF demand accounted for more than 100% of the increase. All other sectors saw a decline in demand. The worst was jewellery demand that declined rapidly in the first 3 quarters, but picked up again in the fourth quarter. Highlights

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Gold’s spectacular 2 month rally!

The Gold price had a spectacular rally of 18% in less than two months from $1,050 to $1,240. Yesterday’s $40 move made everybody take note. Let’s take a step back and look at the World Gold Council’s (WGC) statistics for the 4th quarter of 2015 that were published yesterday. After declines in the first half-year,