In the backdrop of recent US trade policy and uncertainty in the financial markets, safe-haven gold has exhibited characteristics of a High-Quality Liquid Assets (HQLAs), according to a research from the World Gold Council (WGC).
Global gold exchange-traded funds (ETFs) saw continued inflows during February as holdings across all regions grew, data made available by the World Gold Council (WGC) showed.
The government's decision last July to reduce import duties on gold has significantly had a positive impact on the industry, and any increase in tariffs in the upcoming Budget may have adverse effects, said World Gold Council.
Global gold demand was up 3 per cent year-on-year at 1,238 tonne in the first quarter of 2024, marking the strongest first quarter since 2016, according to World Gold Council's Gold Demand Trends report.