The SGE has now published its December figure for gold withdrawals from the Exchange brining the 2016 total to a shade over 1,970 tonnes – around 24% down on the record 2015 figure – see Table below:
Table: Shanghai Gold Exchange Monthly Gold Withdrawals (Tonnes)
| Month | 2016 | 2015 | 2014 | % change 2015-2016 | % change 2014-2016 |
| January | 225.08 | 255.42 | 246.00 | – 11.8% | -8.5% |
| February* | 107.60 | 156.36 | 171.67 | – 31.2% | -37.3% |
| March | 183.24 | 213.35 | 146.56 | -14.1% | +25.0% |
| April | 171.40 | 195.45 | 129.59 | -12.3% | +32.2% |
| May | 147.28 | 162.15 | 129.34 | -9.2% | +13.8% |
| June | 138.51 | 195.67 | 128.03 | – 29.2% | +8.2% |
| July | 117.58 | 285.50 | 137.53 | – 58.8% | -14.4% |
| August | 144.44 | 265.27 | 161.95 | – 45.6% | -10.8% |
| September | 170.90 | 259.98 | 202.43 | -34.3% | -15.6% |
| October | 153.25 | 176.29 | 201.11 | -13.1% | -23.8% |
| November | 214.72 | 202.71 | 212.49 | +5.9% | +1.0% |
| December | 196.37 | 228.21 | 235.66 | -13.9% | -16.7% |
| Full Year | 1,970.37 | 2,596.37 | 2,102.36 | -24.1% | -6.3% |
Source: Shanghai Gold Exchange, Lawrieongold.com
For commentary on the latest SGE figures I’ve published an article on the Sharps Pixley website. To read it click on: 2016 SGE gold withdrawals lowest for four years
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