Global gold demand weakens despite central bank surge

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Global demand for gold in 2018 showed its weakest first quarter performance for 10 years, despite increased buying from central banks, according to the latest figures published by the World Gold Council.

Global demand amounted to 973 tonnes, the lowest Q1 figure since 2008, today’s (May 3) Gold Demand Trends report shows. The WGC says the main cause of the fall was a slowdown in investment demand both for gold bars and gold-backed exchange-traded funds (ETFs), “partly due to range-bound gold

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