The World Gold Council (WGC) expects consumer demand to trend lower for the remainder of this year, but investment demand is likely to remain robust, while central banks continue their net purchasing trend. In its ‘Mid-Year Outlook’ report, released on Thursday, the WGC noted that financial markets experienced a lot of volatility in the first half of this year, with stocks retracing their 2018 fourth-quarter losses by the end of April only to pullback again in May, and then reaching new highs a few weeks later.
