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Gold demand flat

The first three months of 2015 saw flat gold demand, according to the World Gold Council. Total demand for the first quarter (Q1) 2015 was 1,079t (34.7Moz), down 1% on the same period last year. Global demand for jewellery totalled 601t in Q1 2015, 3% lower than the same quarter last year.

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Investment demand, the other key driver of the world’s gold market, rose 4% to 279t in Q1 2015, up from 268t in Q1 2014. There were net inflows of 26t into gold-backed Exchange Traded Funds (ETFs) – turning...

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