Gold prices recorded weekly gains, as hopes of halting interest rate hikes in the United States and banking problems increased the demand for a safe haven, despite the strong drop in prices in the last sessions of the week, Friday.
The World Gold Council said, on Friday, that global demand for the yellow metal declined in the first three months of 2023, as large purchases by central banks and Chinese consumers were met with a decrease in investor buying.
In its latest quarterly report on demand trends, the council stated that total demand reached 1,081 tons, down 13 percent from the same quarter last year.
