According to the latest World Gold Council’s (WGC) latest Gold Demand Trends report for the first quarter of 2019, continued growth in central bank buying boosted the global gold demand in Q1. Key Highlights (via Reuters): “Global gold demand grew to 1,053.3 tonnes in the first quarter of 2019. This constitutes a 7% rise year-on-year, largely driven by “continued growth in central bank buying, as well as growth in gold-backed exchange-traded funds (ETFs)”. Central banks bought 145.5 tonnes of gold – up 68% year-on-year and “representing the strongest start to a year since 2013″. The increased demand was largely due to “diversification and a desire for safe, liquid assets”. ETFs and similar products added 40.3 tonnes in Q1, up 49% year-on-year. Bar and coin investment fell 1% to 257.8 tonnes. Gold used in applications such as electronics, wireless and LED lighting fell 3% to 79.3 tonnes. Gold demand for jewellery grew 1% y/y to 530.3 tonnes and boosted by India. In India, jewelry demand grew 5% to 125.4 tonnes – the highest growth since the 1st of 2014.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s crude oil imports hit monthly record in April – China Customs FX Street 3 years According to the latest World Gold Council's (WGC) latest Gold Demand Trends report for the first quarter of 2019, continued growth in central bank buying boosted the global gold demand in Q1. Key Highlights (via Reuters): "Global gold demand grew to 1,053.3 tonnes in the first quarter of 2019. This constitutes a 7% rise year-on-year, largely driven by "continued growth in central bank buying, as well as growth in gold-backed exchange-traded funds (ETFs)". Central banks bought 145.5 tonnes of gold - up 68% year-on-year and "representing the strongest start to a year since 2013". The increased demand was largely… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
