Gold demand tops $100bn for first time

Quick Summary:

Global gold demand swelled about 5% in the third quarter, setting a record for the period and lifting consumption above $100 billion for the first time, according to the World Gold Council.

Gold has stormed higher this year, rallying by more than a third and setting successive records.

Central-bank purchases continued — with Poland, Hungary and India among the top buyers — even as the pace of official activity slowed.

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Article Details

Category: EconomyBusiness

Markets: ThailandHungaryIndiaPolandSwitzerlandUkraine

Topics: Demand Third Gold Reade Record Buying Gains According Quarter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 17:20:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 23337608

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