PRECIOUS METALS

Gold demand hit decade high in 2022

2022 saw the strongest for gold demand in more than a decade as it leapt 18% to 4,741t, the highest since 2011, reported World Gold Council (WGC) in its 2022 Gold Demand Trends report. The year ended strongly with record demand in the December quarter of 1337t.

 Gold demand 2010-2022

Gold demand 2010-2022

The yellow metal resurgence was powered by central bank demand reaching its highest level since 1967 at 1136t in 2022, while global bar and coin demand improved 2% to 1217t, a nine-year high where growth...

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