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Gold's golden age: High buying volumes and record prices have pushed the value of demand to an unprecedented $382 billion

The price of the yellow metal jumped 27% last year, and at the end of October, when it set a new record of just under $2,800 per troy ounce, it had risen as much as 35% since the beginning of January. Now an ounce is even worth around $2 900. The continuing gold rally reflects strong demand, which rose by one per cent last year to a record 4,974.5 tonnes. Interest in investment gold jumped, demand for the metal for technological uses was also strong and central banks continued their massive purchases, according to data from the World Gold Council.

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Gold's golden age: High buying volumes and record prices have pushed the value of demand to an unprecedented $382 billion

https://www.investicniweb.cz/investice/komodity/zlato-poptavka-2024

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