Global gold demand at 13-year low
According to the World Gold Council (WGC), global demand for gold in Q1 2021 dropped almost to its lowest level since 2008 amid growing demand in Asia as investors in Europe and North America continue to sell. Gold buying by consumers in China shot up spectacularly to 286.4 tonnes. But exchange traded funds (ETFs) storing gold mostly for large western investors saw their biggest disinvestment since Q4 2013, which involved ETF selling of 177.9 tonnes.
Source: https://www.mining.com/web/global-gold-demand-at-13-year-low-as-china-buys-but-investors-sell-wgc/
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