Record Gold Prices Reshape Demand Landscape Gold prices have reached record highs in 2024, with spot gold ending at $2,443.29 an ounce on August 2. While overall demand has increased, the surge in prices may be impacting consumer buying patterns. The World Gold Council’s quarterly report shows a significant rise in institutional investor demand, but a decline in jewelry consumption and official coin purchases. This shift suggests that while gold remains attractive for portfolio diversification, high prices may be deterring traditional consumer demand, potentially leading to a slowdown in overall demand in the coming quarters. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Psychology of Inflation: Why Many Dispute Government Inflation Figures READ MORE Fed's Rate Cut Dilemma: Market Braces for Potential Shock READ MORE Pros and Cons of Investing in Physical Precious Metals READ MORE What Does the Red Sea Disruption Mean for Europe's Economy? READ MORE Has the Housing Market Crash Arrived? READ MORE Add a Comment Cancel replyYour email address will not be published.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