The latest WGC gold data shows overall demand remains sound and reverting to longer-term growth patterns after a record 2013

The latest WGC gold data shows overall demand remains sound and reverting to longer-term growth patterns after a record 2013. Gold demand last year was exceptionally strong despite (or perhaps because of) the gold price plunge. Not surprisingly, the latest WGC figures show a sharp decline compared to a year ago, with global demand put at 964 tonnes for Q2, down 16% on the same period of 2013. Analysts are quick to point out that Chinese demand appears to be heavily down year on year, but they failto point out the truly exceptional nature of the 2013 figures, and compared with earlier years, Chinese demand remains very strong.