Global gold demand rose by 1% to a record 4,974.5 metric tons in 2024, driven by strong investment inflows and central bank purchases, according to the World Gold Council (WGC). Central banks bought over 1,000 tons of gold for the third consecutive year, with Poland leading the acquisitions. Investment demand surged 25%, fueled by reduced ETF outflows, while bar demand grew 10%.
Gold Demand Hits Record High in 2024 Amid Economic Uncertainty. www.the algotechnology.com
