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 Silver Prices Dip as Prospects of Early Fed Rate Cuts Diminish READ MORE Fed Hints at Possible September Rate Cut READ MORE Fed's Latest Decision: Status Quo on Rates, but Change is in the Air READ MORE UK Inflation Dips to Multi-Year Low READ MORE New York Times: 10 Charts that Defined 2023 READ MORE Add a Comment Cancel replyYour email address will not be published.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