World Gold Association: Global gold demand in the first half of the year increased by 12% year -on -year

According to the "World Gold Association" WeChat news, the World Gold Association released the "Global Gold Demand Trends Report" in the second quarter of 2022 (referred to as the "Report") that the gold demand in the first half of 2022 was 12%compared with the same period of 2021 to achieve 12%compared Growth to 2189 tons.

The "Report" pointed out that the price of gold in the second quarter was 6%, and the gold ETF was also affected. In the second quarter, 39 tons were flowed; the net inflow volume in the first half of the year was 234 tons, while the same period last year was 127 tons. However, considering the prospect of inflation that may be low under continuous interest rate hikes, the outflow of the gold ETF in the second quarter may laid the tone of such a weaker demand in the second half of the year.

The "Report" states that the demand for gold bars and gold coins in the second quarter was 245 tons, which remained stable year -on -year. Generally speaking, the demand for global gold bars and gold coins in the first half of the year was 526 tons, a year -on -year decrease of 12%.

In addition, the central banks of various countries in the second quarter achieved net purchase, and the global official gold reserves increased by 180 tons. In the first half of the year, the total net purchase volume reached 270 tons, consistent with the recently released central bank survey report released by the World Gold Association: The report shows that 25%of the interviewed central bank plans to increase gold reserves in the next 12 months.

Wang Lixin, CEO of the World Gold Association, said that the total demand for gold jewelry in the Chinese market in the second quarter was 103 tons, a year -on -year decrease of 29%.

"In the second quarter, it was the traditional off -season of gold jewelry consumption. Due to the epidemic cause, coupled with the significant decrease in the growth rate of residents' disposable income, uncertainty greatly reduced people's willingness to consumption. The snow is worse. "Wang Lixin pointed out that, due to this dragging, the consumption of gold jewelry in China in the first half of the year was only 281 tons, a 17%decrease compared to 2021. However, this number is still much higher than the level in the first half of 2020.

Looking forward to the third and fourth quarters of 2022, Wang Lixin said that the demand for gold jewelry will enter the peak season and will rise slightly from the previous month, but it is expected that double -digit declines may still occur. The uncertainty brought by the epidemic, coupled with the pressure of the domestic economy, may have a negative impact on the demand for gold ornaments. The optimistic side is that the government has successively introduced various consumption stimulus measures to encourage residents to consume. At the same time, if the epidemic can be effectively controlled and controlled, the demand for wedding jewelry that has been suppressed before is expected to explode, or it provides additional assistance for gold jewelry consumption.

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