Gold demand at weakest in first quarter since 2008 financial crisis

World Gold Council reveals global fall of 7% on a year ago to 973.5 tonnesGlobal demand for gold dropped between January and March, posting its weakest first quarter since the 2008 financial crisis, as the economic outlook improved while wild swings on world stock markets drove the price higher.Demand for gold fell 7% on a year ago to 973.5 tonnes, according to the World Gold Council, which represents producers. It blamed the fall on a 15% slump in investment in gold bars to 254.9 tonnes as inve