Gold demand from China down 7% y/y in the second quarter, according to the World Gold Council.
The decline may not be as worrisome as it seems because it comes after a 20% rise in 2011 but the stagnant price of gold has definitely failed to capture the imagination of the global market.
Slacker gold demand is a trend world-wide. Global demand fell 7% in the second quarter as consumption shrank in the jewelry and technology sectors, a shift most clearly shown in a 38% decline in India’s gold investment and jewelry demand, council data showed.
