By Cecilia Jamasmie
MINING.com
Global gold demand hit its lowest level in the last four years in the third quarter, marking what several analysts consider a solid proof of the end of gold’s decade-long bull run.
According to data published by the World Gold Council Thursday, the precious metal demand was 869 tonnes between July and September, 21% less than last year. The industry lobby group cited outflows from physical bullion funds and a drop in buying from major consumer India offset firmer jewellery, coin and bar sales, as the main reason for the drop.
The document was not all gloom and doom, as it also predicts that the demand slide is likely to slow in the fourth quarter.