Global Gold Demand Increases 7% In Q1, Remains An Important Portfolio Diversifier

The physical gold market found broad-based support from investors and central banks, according to the latest report from the World Gold Council (WGC).

The WGC’s 2019 First Quarter Global Trends Report, said that worldwide gold demand increased to 1,053 tonnes in the first three months of the year, an increase of 7% compared to the first quarter of 2018

A positive trend in the marketplace was global investment demand, which increased to 298.1 tonnes or 3% in the first three months of the year. There was a 49% year-over-year increase in demand for gold-backed exchange-traded funds.

KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.

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