Gold demand up 7% in Q1, boosted by central banks’ buying and India: WGC

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Global demand for gold grew to 1,053.3 tonnes in Q1, up 7 per cent year-on-year, according to the latest report by the World Gold Council (WGC). A big reason for the stronger demand is central banks, which continued to buy gold for diversification and liquidity purposes. Another is improvement in the India market. Central banks around the […]

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Highest central bank buying in 50 years drives growth in gold demand in 2018

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Global gold demand reached 4,345.1 tonnes (t) in 2018, up 4% on 2017 and in line with five-year average demand of 4,347.5t, according to the World Gold Council’s latest Gold Demand Trends report. The annual increase was driven by a multi-decade high in central bank buying and accelerated investment in bars and coins during the […]

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Gold demand slips from last year’s record Q1, although retail investment demand remains steady

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Global gold demand in Q1 2017 was 1,034 tonnes (t), a decline of 18% compared to the record Q1 in 2016, according to the World Gold Council’s latest Gold Demand Trends report. Inflows into Exchange Traded Funds (ETFs) totalled 109t which, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand […]

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Global gold demand falls as central bank purchases slow and jewellery buying falls

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A fall in purchase of jewellery and by central banks could not offset could not offset a sharp increase in investment demand for gold, pushing global sales to the precious metal down 10 percent year on year to 993 tonnes (t) in the third quarter of 2016, according to the World Gold Council’s (WGC) latest […]

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