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 All Eyes on the Federal Reserve: What To Know This Week READ MORE U.S. Debt Crisis: Gen Z to Face Financial Challenges, Says Ex-White House Economist READ MORE Where to Sell Silver [Coin Dealer or Pawn Shop?] READ MORE Gold Rush 2.0: Australian Miners Poised for M&A Spike Amid Soaring Prices READ MORE High Gold Prices Dampen Demand in Asia's Leading Markets READ MORE Add a Comment Cancel replyYour email address will not be published.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