Mixed picture for gold demand in the first quarter
According to industry body the World Gold Council’s (WGC's) Gold Demand Trends report for the first quarter, continued momentum in central bank buying and resurgent Chinese consumer demand contrasted with a negative contribution from exchange-traded funds (ETFs) and weakness in India during the period. First-quarter gold demand (excluding over-the-counter, or OTC) was 13% lower year-on-year, at 1 081 t.