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 Rush 2024: Experts Weigh In on Different Gold Strategies READ MORE Oil Prices Decline with Biden's Withdrawal and Fed Rate Cut Prospects READ MORE Defying Expectations: Gold's Rally in a Strong Economic and Stock Market Environment READ MORE A Closer Look at HSBC’s New Gold Token READ MORE Can I Buy & Sell Gold Without Paying Taxes? [IRS Reporting] READ MORE Add a Comment Cancel replyYour email address will not be published.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