Annual gold demand jumped 18% to 4,741 tonnes, almost on a par with 2011.
Demand for gold has reached its highest in over a decade on the back of colossal purchases made by central banks, as well as vigorous retail investor buying and slower ETF outflows, the World Gold Council said on Tuesday.
Jewellery consumption, on the other hand, softened a fraction in 2022, down by 3% at 2,086 tonnes. Much of the weakness came through in the fourth quarter as the gold price surged.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold in 2022 saw its strongest annual demand in more than a decade, report findsAnnual global gold demand last year, excluding OTC trading, reached its highest since 2011, according to a World Gold Council report released Tuesday.
Read more »
Exxon soars to record annual profit as analyst calls Permian Basin 'key part' of growthThe oil company reported record annual earnings of $55.7 billion for 2022 in its quarterly results.
Read more »
A Ban On Gender-Affirming Care For Anyone Under 18 Has Gone Into Effect In Utah“Trans kids are kids — they deserve to grow up without constant political attacks on their lives and health care; we will defend that right,” the ACLU of Utah said.
Read more »
Blast rips through police mosque in northwest Pakistan, killing at least 18Police officials say the blast, which was likely carried out by a suicide bomber, went off during the afternoon prayer in the mosque when there were at least 150 people inside, mostly police
Read more »
18-year-old's plane nosedives into flooded area near Cleveland Airport, rescued by fire departmentA plane crashed Sunday evening near the Cleveland Airport without any reported...
Read more »