World Gold Council: Total global gold demand rose 5% year-on-year in the third quarter
2024-10-30 06:01:22
On October 30th, the World Gold Council today (30th) released the "Global Gold Demand Trend Report" for the third quarter of 2024. According to the data of the World Gold Council, the total global gold demand in the third quarter of 2024 was 1313 tons, an increase of 5% year-on-year. As the gold price hit a record high in the third quarter, the total gold demand denominated in US dollars exceeded 100 billion US dollars for the first time, an increase of 35% year-on-year, setting a new record. It is particularly worth mentioning that the large inflow of global gold ETFs was the main factor for the growth of gold demand in the third quarter. Gold ETFs are also funds that track the price of gold and invest in physical gold traded on stock exchanges. To some extent, they reflect the activity of global gold trading and physical investment demand.
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