Feedback | Thursday, May 23, 2024

April 30, 2024 5:53 PM

Global gold demand stays strong, supporting record-high prices

The allure of gold remains unwavering as global demand for the precious metal surged 3% year-on-year to 1,238 tonnes in the first quarter of 2024, according to the World Gold Council's latest Gold Demand Trends report. This marks the strongest first-quarter demand since 2016, defying the record-high average price of $2,070 per ounce during the period. Healthy investment, persistent buying by central banks, and higher demand from Asian buyers helped drive the gold price to a record quarterly ave...

Copyright © 2024 DD News. All rights reserved
Visitors: 1900578
Last Updated: 23rd May 2024