Latest data from the World Gold Council, quarterly report for Q1 2019:

Council estimates global central banks purchased 145.5t of gold in 1Q19

(up 68% y/y but, but down on the 165.6t purchased in 4Q18 … note that a peak of 253t in 3Q18)

  • other sectors (includes jewellery and ETF investment) slowed, demand down 17% q/q to 1,060t in 1Q19

Gold supply down 4% q/q to 1,150t

Adds ING analysts:

  • leaving the market with a net surplus of 90t in 1Q19
Latest data from the World Gold Council, quarterly report for Q1 2019:

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The World Gold Council (this from their site):

  • is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market.

Just so you know, right?