Gold Demand Hits Q2 Record Despite Consumer Pullback The World Gold Council’s Q2 2024 report shows mixed trends in gold demand. While overall demand increased by 4% year-over-year to a record high for Q2, driven by over-the-counter investment and central bank purchases, consumer demand weakened. Jewelry consumption fell sharply due to record gold prices, but technology sector demand increased. Regional differences persisted, with stronger investment demand in Eastern markets contrasting with declines in the West. Despite these variations, gold supply grew, with mine production reaching a Q2 record and recycling supply responding to higher prices. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Gains on Revised US GDP Figures and Lower Treasury Yields READ MORE 446 Days and Counting: Recession Signal Fails to Predict Economic Downturn READ MORE Currencies Rally Against Dollar as Fed Rate Cut Expectations Grow READ MORE ZeroHedge: Inflation Already Ruined Your Super Bowl Party READ MORE Oil Prices Climb as Middle East Tensions Escalate Before OPEC+ Meeting READ MORE Add a Comment Cancel replyYour email address will not be published.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