Global Gold Demand Hits Eight-Year High in Q1, Fueled by Investment and Central Banks Global gold demand reached its highest first quarter level in eight years, with a 3% increase to 1,283.3 metric tons, the strongest since 2016. This surge was driven by robust investments in the over-the-counter market, where trades more than tripled to 136.4 metric tons from last year’s 42.7 metric tons, and record-breaking purchases by central banks. Joe Cavatoni of the World Gold Council highlighted the significant ongoing role of gold in emerging-market central banks’ reserve portfolios, suggesting a strong outlook for the remainder of the year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Middle East Tensions Rise: Recent Strikes Near U.S. Base in Syria Escalate Ongoing Conflict READ MORE The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers READ MORE Oil Prices Set for Stability in 2024, Say Industry Experts READ MORE Zimbabwe's New Gold-Backed Currency Marks Promising Start READ MORE 15 Weakest Currencies in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment