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Gold Demand Trends Q3 2024 

World Gold Council

November 2024

Category: Invest

Gold Demand Trends Q3 2024 Image 1

In this article by The World Gold Council, we discover that both gold demand and price have reached record highs in Q3, driven by key factors including falling interest rates, geopolitical uncertainty, portfolio diversification and momentum buying.  

The average gold price for the quarter was 28% higher y/y at a record US$2,474/oz, with total supply growing by 5% y/y to a record 1,313t. OTC investment also increased, almost doubling y/y to 137t; the seventh successive quarter in which OTC has been positive for gold demand and a notable component of the market. 

Read the Full Article - Gold Demand Trends Q3 2024 | World Gold Council 

Notes  

The content of this article is accurate at the time of publishing, is for general information purposes only, and does not constitute investment, legal, tax or any other advice. Before making any investment or financial decision, you may wish to seek advice from your financial, legal, tax and/or accounting advisers.  

This article may include references to third-party sources. We do not endorse or guarantee the accuracy of information from external sources, and readers should verify all information independently and use external sources at their own discretion. We are not responsible for any content or consequences arising from such third-party sources.

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