Global gold demand hit 11-year low in Q3, central banks became gold seller for first time in a decade

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Global gold demand hit the lowest level in 11 years in the third quarter of this year and central banks became gold sellers for the first time since 2010.

A WGC official said the discount of Chinese gold to international prices is expected to narrow in the fourth quarter as a recovery in the investment and wedding sectors boosts demand.

Amid the persistent impacts of the COVID-19 pandemic, global gold demand fell to 892.3 tons in the third quarter, marking the lowest quarterly amount since the third quarter of 2009 and down 19 . . .

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