02
Nov
The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the third quarter of 2022hit 1,181tonnes, up 28% year-on-year.Strong demand pushed the year-to-date total toits pre-COVID levels. Investors sought to hedge inflation with bar and coin investment,driving total retail demand up 36% y-o-y. This was supported by significant purchasing in Turkey(up more than fivefoldy-o-y) and in Germany (up 25% y-o-y at 42t), but also from visible contributions across all major markets. Jewellery consumption continued to rebound and is now back to pre-pandemic levels, reaching 523t –10% higher compared to Q3 2021. Much of this…
