Global gold demand seen rising to four-year high

On the local front, Affin Hwang Capital said the upside to gold would be partially offset by a possible stronger ringgit of RM3.90 by end-2019, supported by Malaysia

LONDON: Global demand for gold in 2019 will rise to the highest in four years as higher consumption by jewellers offsets a fall in purchases by central banks, an industry report said on Monday.

The world would consume 4,370 tonnes of gold this year, the most since 2015 and up slightly from 4,364 tonnes in 2018, consultancy Metals Focus said.