Gold Demand Trends: Full Year 2024
Central bank buying – which topped 1,000t for the third year in a row – along with a return of Western ETF investment lifted gold demand to a record of 4,974t (US$382bn). The gold price reached multiple record highs during the year, which weighed on global jewellery consumption.
Central bank gold statistics: November 2024
Based on available reported data, central banks bought a net 53t in November. The National Bank of Poland (21t) was the biggest buyer, while the People's Bank of China reported its first addition (5t) since April.
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Central Bank Gold Statistics: October 2024
Central banks reported 47t of net purchases this month – the highest amount recorded y-t-d. The Central Bank of Turkey led the field, adding 17t of gold to its reserves, followed by India and Poland – 14t and 8t respectively.
Central bank gold statistics September 2024
Central banks report modest demand for gold in August
Central banks reported net buying of 8t in August via the IMF and other public sources. Demand was the lowest reported figure since March 2024 with net buying activity coming from emerging markets.
Central Bank Gold Statistics: July 2024
Central Bank Gold Statistics: June 2024
Central banks reported 12t of net buying in June via the IMF and other public data sources. Demand moderated during the month: monthly gross purchases of 31t were offset by gross sales of 18t.
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