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 Gold Climbs Back Above $2,000 as U.S. Retail Sales Falter READ MORE Stronger Jobs Data Triggers Over 2% Decline in Gold Prices READ MORE Gold Prices Stable Amid Rate Cut Expectations READ MORE Ancient 2,300-Year-Old Gold Ring Unearthed in Jerusalem READ MORE Gold's Chart Tells a Bullish Tale, Yet Investor Confidence Remains Shaky READ MORE Add a Comment Cancel replyYour email address will not be published.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