Global investment demand for gold soared to a four-year high of 539.6 metric tons in the first quarter of the year, as investors sought safe-haven assets amid the coronavirus outbreak. The World Gold Council (WGC) said in a report that the pandemic was the single biggest factor influencing gold demand. According to the report, the inflows of 298 metric tons for gold-backed ETFs pushed global holdings in those products to a new record high of 3,185 metric tons for the quarter. Total global first-quarter gold demand was at 1,083.8 metric tons, up one percent from the same period last year. The WGC said that total bar and coin investment
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