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 Price Climbs to $2,577.50 as Rate Cut Expectations Grow READ MORE Currency Made of Actual Gold Hoping to Reach Nevadan’s Wallets READ MORE From Pandemic to Recovery: Comparing Economic Performance Under Trump and Biden READ MORE Electric Earthquakes: The Secret Behind Massive Gold Deposits READ MORE U.S. Shoppers Defy Expectations: July Retail Sales Exceed Forecasts READ MORE Add a Comment Cancel replyYour email address will not be published.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