Physical gold demand wanes slightly, but growth drivers remain

Refinery services provider Heraeus finds in its latest precious metals appraisal that physical gold demand is waning, while the gold price also trended slightly lower week-on-week, ending on $3 354/oz on July 16.

Sales of bullion from the US and Perth Mints have shrunk over the last few months, indicating that physical investors are feeling the gold price may have run out of steam.