By Ana Komnenic
MINING.com
Institutional investors may not have been too keen on gold last year but other consumers certainly were: According to the World Gold Council’s (WGC) 2013 report, global consumer demand for gold hit unprecedented levels in 2013.
Bar and coin demand hit a record year and was 28% higher than in 2012.
But with the outflow of 881 tonnes from western ETFs and a contraction in central bank buying, global gold demand was 15% lower in 2013 than the year before. For the fourth consecutive year, central banks continue to be net buyers of gold.