Last year, investors flocked to gold as stock markets crashed on a gloomy economic outlook due to the spread of the COVID-19 pandemic. In the second quarter of 2020, global demand for investment gold surged to more than 591 metric tons, the second-highest level since 2016. However, investors’demand for gold has dropped significantly this year.
According to data presented by AksjeBloggen.com, global demand for investment gold plunged by 70 percent year-over-year to 161 metric tons in the first quarter of 2021.
The lowest quarterly figures after record gold investments in 2020
In 2016, the global gold demand amounted to 4,309 metric tons, revea
