bullish
Gold Demand Data Indicates More Economic Weakness
SUMMARY
- Gold Demand Data Indicates More Economic Weakness Gold demand for technology purposes is still up but the pace continues to decline for the second quarter in a row now, as the latest data by the World Gold Council for Q3 showed.
- The total gold demand (inclusive of OTC investment) gained meanwhile 5% y/y to 1,313 tonnes.
- Global gold ETF inflows (95t) were a major driver of growth as Q3 was the first positive quarter for ETF flows since Q1’22.
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