05
May
The global gold market saw a solid start to 2022 with first-quarter demand (excluding OTC) up 34% year-on-year, thanks to strong ETF flows, reflecting gold’s status as a safe-haven investment during times of geopolitical and economic uncertainty. Geopolitical crises weighed heavily on the global economy and reinvigorated investor interest, pushing the gold price briefly to US$2,070/oz in March. The World Gold Council’s latest Gold Demand Trends Report reveals gold ETFs had their strongest quarterly inflows of 269t since Q3 2020. Gold bar and coin demand were 11% above its five-year average at 282t. However, renewed lockdowns in China and high…