Central Banks Boost Demand for Gold due to Geopolitical Tensions

In early May, the industry body of the World Gold Council (WGC) stated that in the first three months of 2019 global gold demand increased due to the desire of central banks to reduce the dependence of economies on the dollar due to concerns about geopolitical instability.

The report of the WGC added that “diversification and the desire for safe, liquid assets are again the main incentives for purchases”.

Exchange Traded Funds (ETF), which allow you to invest without the need to participate in the futures market, faced the largest influx of assets in the United States and in Europe (demand for gold jumped 49 percent to 40.3 tons).