Global Gold Market Stabilises, Set for Positive 2015

(Before It's News)

SOURCE: [miningweekly.com] – Following a year of “record-breaking” levels of buying within the gold market in 2013 and the subsequent stabilisation during 2014, the WorldGold  Council (WGC) said it was reasonably optimistic of a positive outlook for the industry for this year.

Gold demand – driven by jewellery and centralbank-buying – swung into recovery during the final quarter of 2014 with gold demand up 6% to 987 t, offsetting a sluggish third quarter and ending the year only 4% down at 3 924 t.

The WGC said 2014 was a year of stabilisation – in effect, a pullback from the exceptional year that was 2013.

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