World Gold Council reports robust third quarter for global gold demand

World Gold Council/Staff/11-1-2022

“Healthy Q3, driven by stronger consumer and central bank buying, helped year-to-date demand recover to pre-COVID norms. Gold demand (excluding OTC) in Q3 was 28% higher y-o-y at 1,181t. Year-to-date (y-t-d) demand increased 18% vs the same period in 2021, returning to pre-pandemic levels.”

USAGOLD note: Only institutionally-driven ETF demand bucked the global demand upswing – overall the strongest gains year over year since 2013.

bar chart showing overall global gold demand year over year, best since 2013
Chart courtesy of World Gold Council • • • Click to enlarge

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