US Gold Demand More Than Doubled In Q2, Says World Gold Council
1. US gold demand surged 110% YoY to 124 tonnes in Q2. 2. Gold-backed ETFs accounted for 70% of total gold investment demand. 3. Gold prices peaked at $3,280.35 per ounce in Q2. 4. Consumer demand for gold jewelry continues to decline by 7% YoY. 5. US exported 268 tonnes of gold in Q2, a notable increase.