Gold demand rises as investor buying spree offsets jewellery plunge- GFMS

Global gold demand rose in the
first quarter as a surge in investment as the coronavirus
outbreak convulsed global markets offset sharp falls in appetite
from jewellers, industry and central banks, an industry report
said on Thursday.
Coronavirus lockdowns have closed swathes of the global
economy but triggered a wave of interest in gold from investors
who see it as a safe place to park money.
Exchange traded funds (ETFs) storing bullion for investors
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