World Gold Council (a gold lobby group) Q1 report, in brief:total global gold demand was +3% y/y, hitting 1,238 tonnes (WGC says this is the strongest first quarter since 2016)WGC cite over-the-counter (OTC) investor market buying, persistent central bank buying, higher demand from Asian buyerscentral banks bought 290 tonnes in Q1gold exchange-traded funds (ETFs) continued to see outflowsChina demand - renewed investor interest due to the weakening local currency and poorly performing domestic equity marketsPeople’s Bank of China (PBOC) bought 27 tonnes of gold in the first three months of the year, taking its reserves to a record high of 2,262 tonnesChina’s stockpiling was probably an effor
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