Gold Demand Trends is the leading industry resource for gold demand data. Our unique position in the gold industry gives us unparalleled market insight and understanding of evolving consumer and institutional behaviours and trends. Each report includes detailed sector- and country-level metrics and commentary, helping readers understand how shifting economic conditions, policy developments, and consumer behaviour drive gold consumption worldwide.
30 years of Gold Demand Trends
Over the past three decades the gold market has undergone extraordinary change . The structure and dynamics of demand and supply are vastly different from those of thirty years ago.
Gold Demand Trends Q3 2022
Gold demand (excluding OTC) in Q3 was 28% higher y-o-y at 1,181t. Year-to-date (y-t-d) demand increased 18% vs the same period in 2021, returning to pre-pandemic levels.
Gold Demand Trends Q2 2022
Gold demand softened in Q2. Despite Q2 weakness, strong first quarter ETF inflows fuelled a notable H1 recovery Gold demand (excluding OTC) was 8% lower y-o-y at 948t. Combined with Q1 this took H1 demand to 2,189t, up 12% y-o-y.
Gold Demand Trends Q1 2022
Gold market sees solid start to 2022
Q1 gold demand was 34% above Q1 2021, driven by strong ETF inflows. In a quarter that saw the US dollar gold price rise by 8%, gold demand (excluding OTC) increased 34% y-o-y to 1,234t – the highest since Q4 2018 and 19% above the five-year average of 1,039t.
Gold Demand Trends Full Year 2021
Annual demand recovered across virtually all sectors – the notable exception being ETFs, which saw net annual outflows
Gold Demand Trends Q2 2021
Strong consumer demand recovery and Q2 gold ETF inflows were not enough to offset heavy Q1 outflows.
Gold Demand Trends Q1 2021
Strengthening consumer demand mitigated the impact of ETF outflows as global economies continued to recover
Gold Demand Trends Full year and Q4 2020
Weak Q4 set the seal on an 11-year low for annual 2020 gold demand
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