Skip to main content

Global Gold Demand Skyrockets to an Almost 11-year Peak in 2022

 The most recent "Global Gold Demand Trends Report" published by the World Gold Council indicates that the annual demand for gold in 2022 (excluding over-the-counter trades) surged by 18% year-on-year to 4,741 tons, the highest total annual demand since 2011. The demand for gold in the fourth quarter also hit a record high, with central banks' aggressive gold purchasing and the persistent surge in individual gold investment demand serving as key driving factors.

ga.png

In 2022, the annual gold buying demand from global central banks reached 1,136 tons, more than doubling the previous year's 450 tons, reaching a new peak unseen in 55 years.

In 2022, global gold investment demand (excluding over-the-counter trades) increased by 10% from the previous year. The strong demand for gold bars and coins persisted, as gold bars and coins continued to be favored by investors from several countries worldwide.

Louise Street, a senior market analyst at the World Gold Council, commented, "We witnessed the highest level of gold demand in over a decade in 2022, with rising inflation stimulating growth in gold bars and coins investment. Ultimately, the overall gold investment demand increased by 10% from the previous year."

At a time when the global demand for gold is noticeably increasing, it has driven the thriving development of many renowned gold enterprises, such as the well-known Australian company, Gold and Silver Brokers Australia (GSBA). After seven years of operation in its home country, GSBA has developed a mature sales system and advanced operational concepts. It has now begun to expand its business globally, taking the lead in entering the Indonesian market.

Looking ahead to 2023, economic predictions suggest a challenging environment, with the possibility of a global economic recession. Gold, with its solid track record of performing well in times of economic turmoil, has showcased its value as a long-term strategic asset, thereby promoting the persistence of robust resilience in gold consumption.

Comments

Post a Comment

Popular posts from this blog

The Role of Vendor Management Systems in Streamlining Operations

In an increasingly complex business world, managing numerous vendor relationships effectively is crucial for maintaining a competitive edge. Vendor Management Systems (VMS) are becoming indispensable tools in this effort, providing businesses with the capabilities to optimize and streamline vendor interactions. Understanding Vendor Management Systems A Vendor Management System (VMS) is a transformative tool designed to enhance how companies manage and interact with their vendors. It offers a centralized platform for automating and streamlining all aspects of vendor relations, including selection, contract management, performance evaluation, and payment processes. By facilitating a more structured and transparent interaction with suppliers, a VMS helps businesses optimize efficiencies, maintain compliance, and build stronger, more strategic partnerships. This system proves invaluable for organizations that handle numerous vendors or those needing tight control over procurement to meet ...
Post a Comment
Read more

Cort Shared technology Ltd is a leading company in the modern technology shared portable power supply equipment rental service industry

Cort Shared technology Ltd was established in London, United Kingdom, on August 31, 2022. It is a leading company in the modern technology shared portable power supply equipment rental service industry. Leveraging in-depth research on shared power supply projects and market analysis, CSTL was created by a high-quality team to establish a global shared economy structure, becoming a leader in the industry! CSTL's business covers a wide range with a mature shared structure: CSTL has provided shared charging stations for over 30 countries/regions and has developed APP software for customers' portable power supply projects based on different payment systems. Three senior developers offer robust technical support, while 50 experienced professionals collaboratively build CSTL's stable and reliable shared network architecture. Market demand for shared portable power supplies: With global temperature rises causing frequent natural issues, organizations like the European Union are fo...
Post a Comment
Read more

The popular Thai actress Mai stars in the new series The Empress of Ayodhaya, which premiered with great fanfare on October 24 on Footage, accompanied by a series of exclusive and exciting events.

  The historical epic The Empress of Ayodhaya, starring Thailand's top actress Mai, made its grand debut on Footage on October 24, 2024. The series portrays the sweeping tale of the ancient Ayutthaya Kingdom, with Mai taking on the lead role of a queen who, in the face of turmoil, displays extraordinary resilience and embodies the strength of women. To celebrate the premiere of The Empress of Ayodhaya, Footage has launched the "Surprise Treasure Box" campaign, inviting all viewers to participate for a chance to win exciting prizes! Event Duration: October 24, 2024 – November 30, 2024 Event Details: From October 24 to November 30, viewers who watch The Empress of Ayodhaya on the Footage platform will have the chance to receive randomly dropped surprise treasure boxes during the show's broadcast. These treasure boxes contain varying amounts of cash rewards, with the top prize being a $10,000 cash reward! How to Participate: • Download and log in to the Footage app. • Wa...
Post a Comment
Read more