Gold Demand Hits Another Record High as Central Banks Keep Buying

From sbcgold.com

Total gold consumption stretched to an all-time high of 4,972 tons in 2024, primarily driven by insatiable central bank demand and a rapidly growing retail appetite. National investors accumulated more than 1,000 tons for the third year straight, reinforcing the global transition into physical gold. World Gold Council (WGC) analysts emphasize the role economic volatility and geopolitical uncertainty play in the yellow metal’s years-long rally while suggesting these foundational catalysts are unlikely to change. Gold prices achieved 40 all-time highs throughout its 2024 surge, underscoring its bullish momentum. ... (full story)