Gold Price Forecast: XAUUSD to enjoy robust investment demand this year – Commerzbank Gold XAUUSD CentralBanks Banks China
Council publish its report on gold demand trends in the first quarter. The data shows high first-quarter gold demand thanks to strong investment demand, which is set to remain in place for the rest of the year, economists at Commerzbank report.“Global gold demand soared by 34% YoY to 1,234 tons, its highest level since the fourth quarter of 2018. It was driven solely by strong investment demand, which tripled YoY to 551 tons.
“Jewellery demand is expected to remain largely constant. The lockdown measures in China will prevent it from recovering to the average levels seen in the past, as they are contributing to lower consumer demand there.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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