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H1 gold demand jumps to three year high in 2019, driven by central bank buying and ETF inflows

Global gold demand grew to 1,123t in the second quarter of 2019, a rise of 8% on the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. Continued central bank buying and sustained growth in gold-backed exchange-traded funds (ETFs) were the key drivers of this increase. Taken together with the first quarter of the year, gold demand increased to 2,181.7t in the first six months of 2019, an uplift of 8% compared with the first half of last year.

You can read the full article on the World Gold Council’s website here.