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Gold shines in 2016 by strong investment demand

Gold demand rose in 2016 to a maximum of three years, helped by investment appetite for the precious metal, he said the World Gold Council said in a report. - of which total demand for twin gold jewelry drivers buy investment and advanced two percent to 4,309 tonnes, compared with 2015, London's industry body reported WGC said in a statement. However, in the last three months of 2016, total demand fell by 11 percent to 994.1 tonnes from the previous year. Investment demand increased in the first, second and third quarters of 2016 through investments in exchange-traded funds (ETFs), which allowed for non-trading investment in the futures market. But this blow invested in the fourth quarter. Meanwhile, demand for jewelry sank throughout the year due to high gold prices. By the end of September 2016, prices had risen by 25 percent since dealers flocked to shelters and global economic concerns were concerned, including Brexit and the United States of electoral uncertainty. But the market ended 2016 with an increase of only eight percent, giving some of its gains after the speech of conciliation acceptance President Donald Trump and rising December interest rates the US Federal Reserve. "The turning point was the US election.The reactions of global markets before the election results surprised most analysts," WGC said in its report. "Not only did the result eliminate a significant element of uncertainty among Investors, but the rhetoric of Trump's growth has increased interest rate expectations in the US and pushed the US dollar higher. "This prompted some investors to take profits and a strong In the price of gold.

 
 

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