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Gold Hits Record $382B Demand as Central Banks Stock Up

Gold Hits Record $382B Demand as Central Banks Stock Up

The World Gold Council’s latest report reveals an unprecedented demand for gold in 2024, with total volume reaching 4,974.5 metric tons and value soaring to $382 billion.

This 1% year-over-year increase marks a historic peak driven by central banks, particularly those in emerging markets.

The record-breaking demand reflects heightened geopolitical tensions and economic uncertainties pushing investors toward safe-haven assets, with both official institutions and private investors increasing their gold holdings in response to global market volatility.

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