In this article by The World Gold Council, we discover that both gold demand and price have reached record highs in Q3, driven by key factors including falling interest rates, geopolitical uncertainty, portfolio diversification and momentum buying.
The average gold price for the quarter was 28% higher y/y at a record US$2,474/oz, with total supply growing by 5% y/y to a record 1,313t. OTC investment also increased, almost doubling y/y to 137t; the seventh successive quarter in which OTC has been positive for gold demand and a notable component of the market.
Read the Full Article - Gold Demand Trends Q3 2024 | World Gold Council
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