Thursday, January 26, 2017

Physical gold demand slides to 7-year low in 2016 -GFMS

* Physical gold demand slides 20 pct to 3,349 T in 2016

* Gold market surplus biggest this century

* GFMS forecasts gold at $1,259/oz in 2017

By Jan Harvey

LONDON, Jan 26 (Reuters) - Physical gold demand fell 20

percent last year to its lowest since 2009, GFMS analysts at

Thomson Reuters said in a report on Thursday, as a rebound in

prices after three straight years of losses blunted appetite for

the metal.

Buying of jewellery, coins and bars, plus official sector

and indu

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