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Gold declined slightly
Gold slid to $1,122.10 (-0.13%). The World Gold Council said in its Gold Demand Trends report for Q2 2015 that global demand for the precious metal fell 12% to 915 mt with investment demand declining 11% to 179 mt amid prospects of an imminent rate increase in the U.S. Demand for bars and coins dropped 15%. The WGC expects a better result in the second half of 2015, with the third quarter traditionally the busiest period for gold buying in top consumers India and China. The report also suggests that low prices in Asia and the Middle East should boost physical demand. "Lower prices in markets across Asia and the Middle East often trigger purchases and interest has already been reported across a number of these," the report said.
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