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Gold demand rises on central bank buying, ETFs

Global gold demand climbed 7% year-on-year in the March quarter to 1,053.3 tonnes, due to continued growth in central bank buying, as well as growth in gold-backed exchange-traded funds (ETFs).

Gold demand rises on central bank buying, ETFs Gold demand rises on central bank buying, ETFs Gold demand rises on central bank buying, ETFs Gold demand rises on central bank buying, ETFs Gold demand rises on central bank buying, ETFs

Polyus' Natalka operation boosted Russia's gold output in the March quarter

The World Gold Council's (WGC) latest Gold Demand Trends report said the growth was also down to a relatively weak March 2018 quarter, when demand had been at a three-year low of 984.2t.