ETF inflows push Q1 gold demand to 7-year high
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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 levels last seen during the global financial crisis, according to the World Gold Council in its quarterly report released on Thursday.
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