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 Fed Chair Balances Inflation Fight with Economic Growth in Congressional Testimony READ MORE Experts' Inflation Consensus Shifts, Altering Election Dynamics READ MORE Recession Red Flags: Economist Shares 6 Warning Signs READ MORE The Real Story Behind China's Gold Demand and Reserves READ MORE UK Inflation Dips to Multi-Year Low READ MORE Add a Comment Cancel replyYour email address will not be published.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