Global gold investment demand in 2016 hit highest level in 4 years.
Global gold investment demand jumped 70% year on year in 2016 to the highest level in four years. The price was buoyed in part by the uncertain path of future interest-rate increases and the U.S. election.
Investment demand of the yellow metal rose to 1,561.1 metric tons in 2016, from 918.7 metric tons a year earlier, and inflows of gold into exchange-traded funds for the year were at their strongest since 2009, the WGC said. Overall, global gold demand climbed by 2% in 2016 to 4,308.7 metric tons, which was the highest since 2013. “2016 saw an unprecedented degree of political upheaval, which underpinned huge institutional investor flows into gold,” said Alistair Hewitt, head of market intelligence at the WGC,