LONDON, 4 May 2017 – Rising gold prices have seen both central-bank and now private-investor demand for the metal ease back, says global financial news-site and broadcaster CNBC, citing data from BullionVault alongside the latest quarterly analysis from the World Gold Council.
So-called "official sector" purchases fell 25% in the first 3 months of this year from the same period in 2016, "its lowest quarterly level since 2011," reports CNBC.
"Price beats politics in the physical market," it then quotes Adrian Ash, head of research at BullionVault, "and private investors chose overall to take profit on gold bullion in April."
Read the full CNBC story here:
Central bank gold demand slips to almost six-year low in first quarter, says World Gold Council
