The World Gold Council has released its Gold Demand Trends report for the first quarter of 2014. Marcus Grubb, the Managing Director of Investment Strategy at the WGC, reviews the key points in the short video below. The big takeaway – while investment demand for gold has predictably dropped from the record highs last year, world gold demand remains virtually unchanged year-over-year.
“Gold demand in Q1 2014 was 1,074 tonnes, almost unchanged compared to the same period the previous year. After an exceptional 2013, gold demand has reverted to its long-term growth path, with the core fundamentals firmly in place. Jewelry remains the biggest driver of gold demand… Investment demand remains steady. Central banks also continue to be committed purchasers of gold.”
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