Global gold demand hit 10-year high in 2022, central banks’ gold purchases hit highest in five decades
COMMODITIES DATA
Global gold demand hit 10-year high in 2022, central banks’ gold purchases hit highest in five decades
COMMODITIES DATA

Global gold demand hit 10-year high in 2022, central banks’ gold purchases hit highest in five decades

 

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Global gold demand hit highest in a decade in 2022, boosted by soaring purchases from central banks and other investors seeking shelter from rocketing inflation.

Demand for gold rocketed almost a fifth to 4,740.7 tonnes in 2022 from the prior year, the World Gold Council (WGC) said in a report.

Purchases from central banks more than doubled to reach 1,136 tonnes, the highest total for more than five decades, as the Ukraine war fuelled inflation. Gold jewellery . . .

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