In this article by the World Gold Council, we learn that Gold has reached record highs in the second quarter, which is driven by a combination of continued central bank buying, strong OTC investment and an upturn in Western ETF inflows later in the quarter.
The total gold supply grew by 4% y/y to 1,258t. With the mine production of 929t was a record for a second quarter and recycling supply was the highest for a second quarter since 2012, responding to the rising gold price. Regional investment trends continued to diverge with demand for bars, coins and ETFs, was robust in the East, compared with a marked decline in the West. However Western ETF investment flows have started to return so far in Q3.
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