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Market Watch: Global Gold Demand Tops $100 Billion for First Time Ever in Third Quarter

October 31, 2024
Gold Demand at Highest Ever

Article by Myra P. Saefong in Market Watch

Global gold demand climbed to a record high in the third quarter, with the value of demand for the precious metal topping $100 billion for the first time ever, according to a report from the World Gold Council released Wednesday.

Demand was supported by investors in the third quarter, “particularly those from Western markets who responded to a combination of lower interest rates and continued geopolitical risk,” Juan Carlos Artigas, global head of research at the World Gold Council, told MarketWatch.

Total gold demand, including over-the-counter, or OTC, investments which are not made on a central exchange, climbed by 5% year over year to 1,313 metric tons in the ......

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