2024-02-01 04:30:00 ET
Summary
- Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows.
- Annual bar and coin investment saw a mild contraction as divergent trends in key Western and Eastern markets offset one another.
- Despite a Q4 recovery in electronics, the annual volume of gold used in technology fell below 300t for the first time in our data series.
High gold price reflects strong demand
Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. ...
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Gold Demand Trends Full Year 2023