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Gold Demand

Report: Central Bank Gold Demand Surges in July Amid Rising Prices

Report: Central Bank Gold Demand Surges in July Amid Rising PricesCentral banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […]

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Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports

Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council ReportsThe World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World […]

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Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty

Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic UncertaintyDemand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real estate downturn, and trade tensions, have increased their gold purchases by 27% in the first quarter. In Thailand […]

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Analyst: Gold Demand From China Continues Supporting the Bull Market

Analyst: Gold Demand From China Continues Supporting the Bull MarketJan Nieuwenhuijs, a gold market analyst, has assessed the state of the gold market, reporting that growing demand from both the private market and the People’s Bank of China (PBOC) has been instrumental in the rise of gold prices. Chinese private investors purchased 543 tonnes during Q1, while the PBOC acquired 189. China Continues Propping […]

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Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023

Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023According to a myriad of reports, the People’s Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in 55 years. Meanwhile, Wells Fargo’s head of real asset strategy, John LaForge, contends […]

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