Urgent – The highest quarterly level…global demand for gold rises to 3%
Detect The World Gold Council, based in London, reported a rise in Spot gold prices have risen by 50% since the beginning of the year, reaching a record level of $4,381 per ounce on October 20, as a result of geopolitical tensions and uncertainty regarding US customs policies.
In addition to a wave of investment buying as a result of fears of missing out on opportunities.
Demand for gold bullion and coins
Demand for gold bullion and coins also rose by 17%, led by India and China, while it jumped Flows of gold exchange-traded funds increased by 134%, according to council data.
The report indicated that central banks, which are among the most prominent buyers of gold, increased their purchases by 10% to reach 219.9 tons during the third quarter, based on the announced data.
According to the report, the total purchases of central banks of gold from the beginning of the year until September amounted to 634 tons, a number that is less than the exceptional levels of the past three years, but it is still much higher than Rates before 2022.
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