We report often on China’s substantial gold buying. Along with central banks elsewhere, it is one of the powerful dynamics driving gold prices to new heights. And we know something about India’s devotion to gold. People in India’s gold purchases are so dependable that many analysts regularly expect firming or higher prices to coincide with the annual wedding season there. But what about the Middle East where wealth pools around oil riches? The Middle East is third after China and India in gold acquisition. The World Gold Council confirms that this ranking continued in the second quarter of 2025: • China led the way ... (full story)