All articles tagged with #world gold council
Global gold demand reached a record in 2025 driven by geopolitical uncertainty and a surge in investment demand, sending gold futures above $5,500 an ounce and outpacing the S&P 500 as ETFs, bars, and coins collectively rose about 84% to 2,175 tons; analysts say the momentum from the “debasement” trade and ongoing risk environment could keep the rally alive into 2026.
The World Gold Council predicts that gold demand will remain strong in 2024 due to geopolitical tensions and continued central bank buying. Gold prices reached a record high in 2023 and are expected to remain resilient next year. While a "soft landing" in the US economy could be positive for the global economy, the WGC believes that geopolitical tensions and major elections in key economies will drive investors to hold effective hedges like gold. The WGC also expects central bank buying to continue, which has been a major source of demand in the gold market. However, the organization does not anticipate another record year for central bank purchases in 2024.
Central banks have continued to consistently purchase gold during the first quarter of 2023, with nearly 230 tonnes of gold added to their national reserves, representing a 176% rise compared to the purchases made in Q1 2022, according to the latest report of the World Gold Council. Singapore and China led the purchases, with the Monetary Authority of Singapore reporting a rise of 69 tonnes and China's People's Bank of China registering purchases for 120 tonnes. However, when compared to the numbers from the last quarter, central banks and other institutions reduced their demand significantly, with these institutions purchasing 150.2 tonnes of gold less.