The World Gold Council’s latest report reveals an unprecedented demand for gold in 2024, with total volume reaching 4,974.5 metric tons and value soaring to $382 billion.
This 1% year-over-year increase marks a historic peak driven by central banks, particularly those in emerging markets.
The record-breaking demand reflects heightened geopolitical tensions and economic uncertainties pushing investors toward safe-haven assets, with both official institutions and private investors increasing their gold holdings in response to global market volatility.