WGC: Gold Demand to Hit Record With Central-Bank Buying Gold demand reached an all-time high last year and is poised for further growth in 2024, fueled by anticipation of US Federal Reserve interest rate cuts, as reported by the World Gold Council (WGC). In 2023, overall gold consumption surged by approximately 3% to 4,899 tons, marking the highest level recorded since 2010. This increase was driven by robust demand in the less transparent over-the-counter market and continued strong purchasing by central banks. The WGC’s annual report highlights the significant role of gold in the current economic climate, suggesting a bullish outlook for the metal’s future. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation, Growth, and Labor Data Heat Up, But Wall Street Stays Skeptical READ MORE Moderate Inflation Easing Keeps Fed’s InterestRate Cuts on Hold READ MORE An elite hedge fund bought 1 million GameStop shares before the meme stock’s 400% surge READ MORE Ray Dalio believes there’s a 35% or even 40% chance of a civil war in the U.S. READ MORE Add a Comment Cancel replyYour email address will not be published.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