Is Gold Still Strong? An Overview of Major Fundamental Gold Movers

From macro-view.com

Demand for gold is always there, during times of economic expansion and high growth consumer gold demand increases for jewelry and technology. But during bad times of low growth and crisis gold demand increases again for the sake of safety among investors. In the chart below we noticed that in the first Quarter 2020, where global output growth shrinks amid the corona virus pandemic and social distancing measures. Gold demand for consumption purposes has decreased, against a sharp increase in demand for investment. This led to a net increase in total gold demand by 1.2% on a year on year basis, and 3% from previous ... (full story)