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Gold Demand Trends: Gold continues to perform as central bank buying hits H1 record
The World Gold Council’s latest Gold Demand Trends report reveals that gold benefited from record central bank buying in the first half of the year and was supported by healthy investment markets and resilient jewellery demand.
Gold demand (excluding OTC) dropped by 2% y/y to 921t during Q2, although total demand (inclusive of OTC) was up 7% y/y, pointing to a solid gold market globally.
Robust central bank buying bolsters first quarter demand
The World Gold Council’s latest Gold Demand Trends report reveals that while gold demand (excluding OTC) was 13% lower year-on-year, a recovery in the OTC market propped up total gold demand to 1,174t, a slight 1% increase compared to Q1 2022.
World Gold Council welcomes two new industry leaders to its membership
The World Gold Council announces that Pan American Silver and Osisko Gold Royalties have joined the World Gold Council as members. For nearly three decades, Pan American Silver has owned and operated silver and gold mines in the Americas. Osisko is a precious metals royalty company that holds a North American focused portfolio of over 180 royalties, streams and precious metal offtakes.
Annual gold demand soars to a new decade high in 2022
The World Gold Council’s latest Gold Demand Trends report reveals that annual gold demand (excluding OTC) in 2022 increased by 18% year-on-year, hitting 4,741t – the highest annual total since 2011. Boosted by a record fourth quarter, demand for gold was propelled by hefty central bank-buying and persistently strong retail investment.
