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The World Gold Council reported that global wholesale demand for gold (inclusive of OTC investment) totaled 1,231 tons in Q1'26, representing an increase of 2% year-over-year (y-o-y). Gold demand for bar and coin use increased by 42% y-o-y to 474 tons during the quarter. The spot price of gold stood at $4,596.75 per troy ounce at the close of trading on 4/28/26, up 37.5%y-o-y, according to data from Bloomberg.
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