RESEARCH AND ANALYSIS
The first quarter of 2015 saw a 1% dip in overall gold demand to 1,079
tonnes compared to the same period last year, according to the World Gold
Council's latest report.
Key Drivers
The global jewellery market was down 3% at 601 tonnes, led by China which experienced
a 10% dip.
Investment demand increased by 4% to 279 tonnes, with Western-based ETFs
recording their first positive inflows since Q4 2012. Purchases of bars and
coins were down 10% year-on-year, a reaction to buoyant stock markets, it
said.
Meanwhile, central banks continued to buy gold as they racked up 17
straight quarters of net purchases.
Asia led the way with China and India alone accounting for 54% of total
global gold purchases in the quarter, a trend the WGC said it expected to
continue.
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Gold Demand Trends First Quarter 2015 from The World Gold Council (pdf
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