Wealthy Asian Investors Propel Gold Demand During Jewelry Slump Despite a slump in jewelry demand due to soaring gold prices, wealthy Asian investors are driving significant gold purchases, particularly in the over-the-counter market, leading to the highest second-quarter demand in 25 years. The World Gold Council reported a 4% year-over-year increase in total gold demand, largely fueled by concerns over credit and financial conditions. While jewelry consumption fell sharply, investment in gold bars and coins rose, indicating a shift in consumer behavior. Central banks also continued to buy gold, contributing to the overall demand despite rising prices. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Dollar Strengthens Ahead of Crucial Economic Indicators, Bank of Canada Meeting READ MORE Gold Shines Amid Tough Year for Commodity Returns in 2023 READ MORE ZeroHedge: Core Consumer Prices Hit New Record High – Up For 50th Straight Month READ MORE Gold Prices Dip as Middle East Conflict Cools, Market Eyes Upcoming U.S. Economic Indicators READ MORE Gold Dips as Market Awaits Federal Reserve Clues from Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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