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- Global gold demand totals 1,290 tonnes in the first quarter of 2016
Global gold demand totals 1,290 tonnes in the first quarter of 2016
World Gold Council (WGC) said on Thursday that global gold demand totalled 1,290 tonnes in the first quarter of 2016, up by 21% compared to the same period last year. According to WGC, the rise was mainly driven by higher inflows into exchange traded funds (ETFs). Global demand for jewellery dropped by 19% year-on-year in the first quarter, total bar and coin demand rose by 1%, while central banks' and other institutions' demand fell by 3%. Total supply rose by 5% to 1,135 tonnes in the first quarter.
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