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ETF inflows push Q1 gold demand to 7-year high

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The increase of 21 per cent brought total gold demand in the quarter to 1,289.8 tonnes, up from 1,070.4 tonnes in the same period last year.

Singapore

GLOBAL gold demand rose 21 per cent in the first quarter of this year from a year ago, as some US$13.8 billion of inflows made their way into gold exchange-traded funds (ETFs).

The amount, which represents 364 tonnes of gold, was a seven- year-high, and was close to