WGC: Gold Demand to Hit Record With Central-Bank Buying Gold demand reached an all-time high last year and is poised for further growth in 2024, fueled by anticipation of US Federal Reserve interest rate cuts, as reported by the World Gold Council (WGC). In 2023, overall gold consumption surged by approximately 3% to 4,899 tons, marking the highest level recorded since 2010. This increase was driven by robust demand in the less transparent over-the-counter market and continued strong purchasing by central banks. The WGC’s annual report highlights the significant role of gold in the current economic climate, suggesting a bullish outlook for the metal’s future. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Markets underestimate risk of inflation re-accelerating, says PIMCO READ MORE February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE Crude Prices Dip Below $75 Amid Ceasefire Talks Between Israel and Hamas READ MORE Hot US jobs report tempers Fed rate cut outlook READ MORE Higher Inflation Challenges South Africa's Economic Stability READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
