Gold Demand Falls In Q1 Despite Robust Central Bank and Investment Demand and Surging Demand In Turkey and Iran
-- Published: Thursday, 3 May 2018 | Print | Disqus
– Gold demand globally -7% in Q1, 2018 – Gold Demand Trends (WGC) – Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows – Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as “stock market volatility sparked US inflows” – Store of value bullion coin and bar demand fell 15% as reported Chinese, German and American demand fell – Gold demand in Turkey (FT) and Iran surges (BBG) due to Trump concerns, inflation on currency debasement and devaluation – Global jewellery demand was roughly flat at 487.7t – Technology demand had sixth consecutive quarter of growth – Central bank demand remains robust at 116.5 tonnes
‘Gold Demand Trends’ is the World Gold Council’s leading industry publication on gold demand trends, analysed by both sector and geography. Read the full report here
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