Gold Demand Falls In Q1 Despite Robust Central Bank and Investment Demand and Surging Demand In Turkey and Iran

- Gold demand globally -7% in Q1, 2018 - Gold Demand Trends (WGC)- Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows- Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as "stock market volatility sparked US inflows"- Store of value bullion coin and bar demand fell 15% as reported Chinese, German and American demand fell- Gold demand in Turkey (FT) and Iran surges (BBG) due to Trump concerns, inflation on currency debasement and devaluation- Global jewellery demand was roughly flat at 487.7t- Technology demand had sixth consecutive quarter of growth- Central bank demand remains robust at 116.5 tonnes

'Gold Demand Trends' is the World Gold Council's leading industry publication on gold demand trends, analysed by both sector and geography. Read the full report here

News and Commentary

Gold Edges Up Ahead of U.S.-Sino Trade Talks (Reuters.com)

Gold extends gains as dollar weakens after dovish Fed remarks (Reuters.com)

Gold ends at 2-month low, then climbs after Fed statement (MarketWatch.com)

Fed holds rates steady but points to higher inflation (CNBC.com)

Cleaner may get to keep solid gold bars worth ?240,000 he found in bin in South Korean airport (Independent.co.uk)

American Eagle gold coin sales are weakest April sales level since 2007 (MarketWatch.com)

Gold Eagle Sales Still Faltering While Mining Output Collapses - Perfect Storm (GoldSeek.com)

Gold demand at weakest in first quarter since 2008 financial crisis (TheGuardian.com)

Trump Ire Stokes Gold Trade in Iran as Rial Hits Record Low (Bloomberg.com)

Turkey's booming inflation and sinking currency boost gold demand (FT.com)

Gold Prices (LBMA AM)

01 May: USD 1,309.20, GBP 956.37 & EUR 1,087.68 per ounce30 Apr: USD 1,316.25, GBP 958.62 & EUR 1,087.62 per ounce27 Apr: USD 1,317.70, GBP 954.41 & EUR 1,090.79 per ounce26 Apr: USD 1,321.90, GBP 949.52 & EUR 1,085.94 per ounce25 Apr: USD 1,325.70, GBP 949.47 & EUR 1,085.48 per ounce24 Apr: USD 1,327.35, GBP 951.84 & EUR 1,087.76 per ounce23 Apr: USD 1,328.00, GBP 950.45 & EUR 1,085.64 per ounce

Silver Prices (LBMA)

01 May: USD 16.25, GBP 11.87 & EUR 13.51 per ounce30 Apr: USD 16.38, GBP 11.93 & EUR 13.54 per ounce27 Apr: USD 16.53, GBP 12.01 & EUR 13.68 per ounce26 Apr: USD 16.58, GBP 11.87 & EUR 13.61 per ounce25 Apr: USD 16.57, GBP 11.87 & EUR 13.57 per ounce24 Apr: USD 16.60, GBP 11.90 & EUR 13.59 per ounce23 Apr: USD 16.94, GBP 12.14 & EUR 13.85 per ounce