WGC Cuts Gold Investment Demand Growth Forecast to 200 Tons
The World Gold Council lowered its forecast for gold investment demand growth this year to 200 metric tons from 400 tons, citing weaker appetite for bars and coins. It raised its estimate for central bank purchases.
By Polina DevittThe World Gold Council cut its forecast for growth in gold investment this year to 200 metric tons from 400 tons previously, citing weaker appetite for bars and coins, although it raised its estimate for central bank purchases.Spot gold prices TVC:GOLD, which hit a one-year low on F…