BullionStar News
Writers Torgny Persson, Koos Jansen
& Hong Kang See

Don’t Believe Everything You Read On The Internet

Tuesday the 26th of May 2015
Wholesale gold demand measured by withdrawals from Shanghai Gold Exchange (SGE) vaults remains very strong this year at 45 tonnes in week 19 (May 11 -15). Year to date 903 tonnes have been withdrawn.

Shanghai Gold Exchange SGE withdrawals delivery 2015 week 19 dips

Shanghai Gold Exchange SGE withdrawals delivery only 2014 - 2015 week 19

Year to date withdrawals are up 20 % from 2014 and 8 % from 2013. In the next chart we can see the strength of SGE withdrawals in 2015 compared to previous years.

SGE withdrawals YTD

We can see withdrawals are stronger than ever. We must consider though, the gold withdrawn... Continue Reading
By: Koos Jansen
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