Gold demand increased in 2022
Demand for gold remained relatively unaffected. According to the World Gold Council, the positive dynamics of demand was recorded among segments of jewellery, investment bars and coins. Demand for Central Bank securities also increased.
A particular interest in gold from central banks must encourage investors to pay their attention to this asset. Central banks sell gold in minimal amount, and in the last year they have often acted as buyers.
Demand for gold has slowed in two market segments, especially gold ETF stocks and futures markets. However, as for them, the worst seems to be over.
In the ETF sector, gold outflows have notably slowed in recent weeks. In the futures markets, both large and small futures speculators became active again.
Recommended
Energy and Precious Metals Market events for February 2-3, 2023
2 February 2023
Last year recorded an increased demand for gold up to the levels of 2011
1 February 2023
Commerzbank: gold will continue to rise with ETF investors’ increasing interest in the metal
31 January 2023
IMF increased forecast for world economy for the first time in a year
31 January 2023
Gold comes to the forefront as a protective asset in crisis
27 January 2023
Top news
Nothing found