World Gold Council data showed bar-and-coin demand fell to 307 metric tons in the second quarter from more than 400 tons in each of the previous two quarters. Investment demand excluding over-the-counter transactions declined to 262 tons from 487 tons a year earlier, reflecting outflows from gold-backed exchange-traded funds. Mine production rose to 966 tons in the second quarter from 948 tons a year earlier. Recycled supply fell to 326 tons from 374 tons in the first quarter, offering some offset to higher production. Related articlesUBS explains what it would take for gold prices to turn higher in 2H26Tether adds 14 tons of gold in Q2 as buying speeds upBCA says time to buy gold as near-term headwinds fade