Gold demand climbed by 21pc to 1,290 tonnes in the first three months of 2016 compared with a year earlier, its gold demand trends report said.
by Szu Ping Chan
Telegraph.co.uk
Investors snapped up gold at a record pace in the first three months of 2016 as global growth fears intensified and central banks slashed interest rates deeper into negative territory.
Concerns that Britain could leave the EU also triggered a spike in demand across Europe where ” investors were plagued by lingering Brexit fears,” according to the World Gold Council.
Gold demand climbed by 21pc to 1,290 tonnes in the first three months of 2016 compared with a year earlier, its gold demand trends report said.
This represents the biggest first quarter increase since records began in 2000.