In contrast, global bar and coin demand in the first three quarters of the year rose 36% compared to the same period last year.
“Consistent with the first two quarters of 2013, the global gold market remains resilient, underpinned by the continued shift in demand from West to East, strong demand in consumer categories and solid central bank and technology sectors,” Marcus Grubb, Managing Director, Investment at the World Gold Council, said in the press release.
Physically backed gold ETFs include:
- SPDR Gold Shares (NYSEArca: GLD)
- iShares Gold Trust (NYSEArca: IAU)
- ETFS Physical Swiss Gold Shares (NYSEArca: SGOL)
- ETFS Physical Asian Gold Shares (NYSEArca: AGOL)
For more information on gold, visit our gold category.
Max Chen contributed to this article. Tom Lydon’s clients own shares of GLD.