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Q1 gold demand (excluding OTC demand) slipped 5% y/y to 1,102t, due to continued ETF outflows.
Europe and North America both saw quarterly outflows, slightly countered by inflows into Asian-listed products.
Technology demand for gold recovered 10% y/y as the AI boom boosted demand in the electronics sector.
Central banks and OTC drove price
Healthy consumer buying offered further support.
Q1 gold demand (excluding OTC demand) slipped 5% y/y to 1,102t, due to continued ETF outflows. Inclusive of sizable OTC buying by investors, total gold demand increased 3% y/y to 1,238t – the strongest first quarter since 2016....