WGC: Gold Demand to Hit Record With Central-Bank Buying Gold demand reached an all-time high last year and is poised for further growth in 2024, fueled by anticipation of US Federal Reserve interest rate cuts, as reported by the World Gold Council (WGC). In 2023, overall gold consumption surged by approximately 3% to 4,899 tons, marking the highest level recorded since 2010. This increase was driven by robust demand in the less transparent over-the-counter market and continued strong purchasing by central banks. The WGC’s annual report highlights the significant role of gold in the current economic climate, suggesting a bullish outlook for the metal’s future. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Chinese Central Bank kicks off New Round of Gold Accumulation READ MORE National Debt Set to Surge as Fed Maintains High Interest Rates READ MORE Asian Gold Demand Surges Despite Near-Record Prices READ MORE Gold's Bright Future: Three Reasons It May Shine in 2024 READ MORE U.S. Labor Market Surges with 353,000 New Jobs in January, Crushing Expectations READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment