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Visualizing the World’s Total Supply of Gold
Gold is on a hot streak, up more than 50% to-date despite retreating from October’s record highs of $4,380 per troy ounce. Driving global demand is the mixture of geopolitical tensions, a weaker U.S. dollar, and sticky inflation. In Q3 2025, central bank purchases were up 28% over the quarter, while inflows of gold-backed ETFs hit $26 billion. This graphic breaks down the total global supply of gold, both above and below ground, based on data from the World Gold Council. As of year-end 2024, the total above-ground stock of gold was 216,265 tonnes. Based on a gold price of $4,166 per troy ounce, all of the world’s ... (full story)