“Gold Demand to Hit Record With Central-Bank Buying, WGC Says”
February 5, 2024
“Overall consumption climbed by about 3% to 4,899 tons last year, supported by strong demand in the opaque over-the-counter market, as well as from sustained central-bank buying, according to the WGC’s full-year report. That’s the highest total figure in data going back to 2010…
Annual demand growth in the OTC market hit 753% last year, the most since at least 2011, WGC data showed. Investors are expected to continue accumulating gold at an accelerated pace this year, largely driven by the Federal Reserve’s expected pivot toward easing, according to Cavatoni…”
https://finance.yahoo.com/news/gold-demand-hit-record-central-060000755.html