Ann: June 2018 Quarterly Report, page-32

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Not enough demand for Gold in world. Most likely Gold is not going any where soo.
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• Overall Gold Demand in Q1 2018 a decrease of 7% compared with Q1 2017. Full details below.

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2018 First Quarter- Gold Demand vs Supply (Abstract from Gold.Org : Link here https://www.gold.org/news-and-event...8-gets-off-to-quiet-start-as-investment-slows )
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• Overall gold demand in Q1 2018 was 973t, a decrease of 7% compared with 1,047t in Q1 2017
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• Total consumer demand for Gold fell by 6% to 743t, from 790t in the same period last year
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• Total investment demand was down 27% to 287t compared with 394t in Q1 2017
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• Global jewellery demand fell 1% to 488t, from 492t in the same period in 2017
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• Central bank demand grew by 42% to 116t compared with 82t in Q1 2017
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• Demand in the technology sector increased 4% to 82t compared with 79t in Q1 2017
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• Total supply was up 3% to 1,064t, from 1,032t in the same period last year
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• Recycling was virtually unchanged at 288t, compared with 287t in Q1 2017