Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Gold April 29, 2022 09:00:24 PM

World Gold Council: Gold Investment Demand Tripled

Paul Ploumis
ScrapMonster Author
The bar and coin retail investment demand totalled 282 tonnes in Q1.
World Gold Council: Gold Investment Demand Tripled

SEATTLE (Scrap Monster): The overall gold investment demand more than trebled in Q1 this year, compared with the corresponding first quarter in 2021, says the Gold Demand Trends Q1 2022 Report published by the World Gold Council (WGC). The demand totalled 550.7 tonnes during the quarter, compared with 181.8 tonnes in Q1 2021.

The investment demand for gold returned to levels seen during the early months of the pandemic in 2020. The heightened geopolitical risk, resulting from Russia’s invasion of Ukraine, further encouraged investment flows.

ALSO READ:

Gold Jewelry Segment to Witness Fastest Growth Till 2030

WGC: Chinese Gold Demand to Face Significant Challenges

The bar and coin retail investment demand totalled 282 tonnes in Q1. Although the demand looked healthy upon comparison with longer-term averages, it was down significantly by 20% over the year. The drop in demand was mainly on account of weakness in China, Turkey and Japan. The bar and coin demand in China fell sharply by 43% year-on-year to 49 tonnes in Q1, WGC noted.

The global gold ETFs registered net inflows of 269 tonnes, registering the highest quarter of inflows since Q3 2020. The strong demand lifted the global holdings to 3,836 tonnes at the end of the quarter. The inflows were mainly driven by Western funds. Funds listed in North America grew by 171 tonnes. Also, European-listed funds recorded net inflows of 111 tonnes. On the other hand, Asia emerged as the only region to witness outflows, recording 11% dip in holdings during the quarter.

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search