World Gold Council Demand Trends – Q1, 2023
“Q1 saw diverging trends in gold investment demand: a small decline in gold ETF holdings versus hearty bar and coin buying.”
USAGOLD note: There are no real surprises in the World Gold Council’s first quarter Demand Trends report just a continuation of the positive trends that have been in place since last year. That includes strong central bank and private investor demand. One standout statistic – first quarter central bank demand was 34% higher than the previous Q1 record in 2013.
Chart courtesy of World Gold Council • • • Click to enlarge