First-quarter gold demand underpinned by increasing ETF inflows
Total gold demand increased by 1% year-on-year to 1 206 t – the highest for a first quarter since 2016, industry organisation the World Gold Council’s new report on gold demands trends for the first quarter shows. The report points out that investment was the key driver of growth, with a sharp upsurge in gold exchange-traded fund (ETF) inflows and elevated bar and coin buying.
Total gold demand increased by 1% year-on-year to 1 206 t – the highest for a first quarter since 2016, industry organisation the World Gold Council’s new report on gold demands trends for the first quarter shows. The report points out that investment was the key driver of growth, with a sharp upsurge in gold exchange-traded fund (ETF) inflows and elevated bar and coin buying.
