Economic news

Gold demand slips to eight-year trough in third quarter of 2017

Gold demand slumped to its trough in eight years in the 3rd quarter as jewelry purchase dropped and influx into ETFs slowed, according to data from the World Gold Council.

Overall demand tumbled 9 percent to 915 tonnes, its lowest level since the third quarter of 2009, the WGC reported.

On Thursday, gold gained 0.2 percent to $1,284.15 an ounce, its top in three weeks.

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