Gold demand fell at the end of 2019, but.......>

GOLD: Gold demand fell at the end of 2019, but prices set to march higher - GFMS

(RTRS)

- Global demand for gold fell in the last three months of last year as sales of

gold jewellery, bars and coins declined alongside purchases by central banks and

financial investors, an industry report said on Thursday. Central banks and

investors had bought large amounts of gold earlier in the year, helping push

gold prices in 2019 to the highest level since 2013. Gold is often seen by

investors as a safe investment during times of political and economic

uncertainty and becomes more popular when interest rates fall, as they did last

year. Higher prices, however, caused some buyers - particularly retail consumers

in top markets China and India - to reduce their purchases, the Refinitiv GFMS

Gold Survey said.