{"id":238103,"date":"2021-04-29T07:00:00","date_gmt":"2021-04-29T04:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/global-q1-gold-demand-down-23-year-on-year\/"},"modified":"2021-04-29T07:00:00","modified_gmt":"2021-04-29T04:00:00","slug":"global-q1-gold-demand-down-23-year-on-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/global-q1-gold-demand-down-23-year-on-year\/","title":{"rendered":"#\n  Global Q1 gold demand down 23% year on year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2c6017e2531\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2c6017e2531\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/global-q1-gold-demand-down-23-year-on-year\/#Myra_P_Saefong\" >Myra P. Saefong<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Global Q1 gold demand down 23% year on year<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000249942\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Global gold demand in the first quarter dropped from a year ago on the back of a more than 70% year-on-year decline in gold investments, according to a report from the World Gold Council released Thursday.<\/p>\n<p> Total world gold demand for the quarter was at 815.7 metric tons, down 23% compared with the first quarter of 2020, though it was \u201con a par\u201d with the fourth quarter of 2020, the report said.<\/p>\n<div class=\"paywall\">\n       The investment segment of gold demand fell by 71% year over year in the first quarter to 161.5 metric tons, as gold-backed exchange-traded funds saw outflows of 177.9 metric tons, compared with inflows of 299.1 metric tons the same time a year ago. <\/p>\n<p>\u201cBargain-hunting,\u201d however, boosted bar and coin investment by 36% from a year ago to 339.5 metric tons, according to the report.<\/p>\n<p>\u201cLower gold prices and continued economic recovery in Q1 2020 encouraged a very positive consumer response, particularly as many countries saw a continued gradual easing of lockdown restrictions,\u201d said Louise Street, senior markets analyst at the World Gold Council.<\/p>\n<p>Prices for the most-active gold futures contract lost about 9.5% in the first quarter. The June gold contract<br \/>\n        GCM21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210036734\/delayed\" class=\"positive\">+0.59%<\/bg-quote><br \/>\n       settled at $1,773.90 an ounce on Comex Wednesday, and is trading more than 6% lower for the year so far.<\/p>\n<p><strong>See:<\/strong> Why gold\u2019s biggest quarterly drop in 4 years doesn\u2019t mark the end of its bull cycle<\/p>\n<p>Demand for gold bars and coins also saw a \u201cstrong recovery from last year\u2019s pandemic-stricken Q1,\u201d to stand at the highest since the fourth quarter of 2016, \u201cas investors bought into the price dip,\u201d said Street. \u201cGrowing concerns over inflation were also a driver, she added.<\/p>\n<p>Still, that positive gold consumer response was \u201ccountered by significant outflows from gold-backed ETFs after last year\u2019s record-breaking inflows,\u201d said Street. Gold-backed ETF outflows were \u201cconcentrated in Western markets while Asian fund saw net inflows, led by China.\u201d<\/p>\n<p>The jewelry segment of gold demand, meanwhile, saw a 52% rise in the first quarter, compared with a year earlier, to total 477.4 metric ton, according to the World Gold Council report. \u201cIndia and China were the main engines of this growth,\u201d Street said.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Jewelry demand from China, in particular, more than <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>led, jumping 212% to 191.1 metric tons \u2014 the highest quarterly total since 2015, the report said. It attributed the strong quarterly result to \u201cimproving domestic economic conditions, lower gold prices, and sales booms sparked by Chinese New Year, Valentine\u2019s Day and International Women\u2019s Day.\u201d<\/p>\n<p>The gold market also saw overall demand growth in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> sector for three months ended March 31, up 11% year on year to 81.2 metric tons, with electronics accounting for 13% of that rise, according to the report.<\/p>\n<p><strong>Also see<\/strong> Global silver demand poised to rise this year; prices could jump more than 30%: report<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Myra P. Saefong\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Myra_P_Saefong\"><\/span>Myra P. Saefong<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Total world gold demand for the quarter was&#8230;<\/p>\n","protected":false},"author":1,"featured_media":238104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-238103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=238103"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/238104"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=238103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=238103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=238103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}