World Gold Council Reports Seasonal Rebound in Physical Gold Demand at End of First Quarter
Stock News
Apr 17
At the end of the first quarter, upstream physical gold demand experienced a seasonal rebound. In March, the gold price weakened, narrowing gains for the first quarter of 2026. The dollar-denominated London Bullion Market Association (LBMA) afternoon gold price fell by 12% during the month. Major banks, jewelry manufacturers, and refineries withdrew 134 tons of gold from the Shanghai Gold Exchange in March, representing a 57% increase from the previous month and a 12% rise compared to the same period last year.
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