Global gold demand hits 25-year high in Q3
Global gold demand rose 3% YoY to 1,313 tonnes in Q3, the highest since the World Gold Council began tracking data 25 years ago. In value terms, demand jumped 44% to $146 billion, driven by record central-bank buying and safe-haven interest. Jewelry consumption fell 23% to 419.2 tonnes amid high prices. After peaking at $4,381.52 per ounce earlier in October, gold eased to around $4,000 in a “healthy correction,” according to WGC analyst Louise Street.