Chart courtesy of World Gold Council • • • Click to enlarge
“Bar and coin investment generated strong y-o-y growth in Q2, rising by 56% to 243.8t. This was lower than the strong Q1 result, but comparable with the five-year average of 252.8t. The total for H1 reached 594.5t, 45% higher than 2020 and the highest since 2013. In US$ value terms, H1 investment gained 60% to reach an eight-year high of US$34bn.”
USAGOLD note: ETF demand sagged but physical demand put in a good showing strong private investor interest – the highest level since 2013.