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 Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling READ MORE The Day the Hunt Brothers Capped the Price of Gold (Part 2) READ MORE Oil's Surge: Algorithmic Buying Meets Geopolitical Tensions READ MORE Gold Prices Climb as Markets Anticipate Federal Reserve Rate Cuts READ MORE How Effective Is Gold As a Hedge? History Has an Empirical Answer READ MORE Add a Comment Cancel replyYour email address will not be published.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