Gold demand rises as investors grow nervous

(Reuters) – A slew of investment in gold-backed exchange traded funds (ETFs) offset a decline in
purchases of jewellery, bars and coins to push global gold demand slightly higher in the third quarter, the World Gold
Council (WGC) said on Tuesday. The world’s appetite for gold was 1,107.9 tonnes overJuly-September, 3% more than in the same period last year, the WGC said in its latest Gold Demand Trends report.

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