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World gold demand slips 11 percent in 3Q

By Kelvin Chan
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HONG KONG (AP) — Global gold demand fell in the third quarter as investors bought fewer bars and coins and buyers in China held back because of an economic slowdown, an industry group said Thursday.

About 1,085 metric tons of gold was sold worldwide in the three months through September, the World Gold Council said in a report. That’s down 139 metric tons, or 11 percent, from a record 1,223.5 tons in the same period of 2011.

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