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GEOPOLITICS, TECH FUEL GOLD DEMAND
October 31, 2024
|The Business Guardian
Global gold demand hit $100 billion in Q3 2024, up 5%, driven by investment in high-priced gold ETFs, despite weaker jewellery demand.
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Factors such as de-dollarisation and geopolitical conflicts, including the ongoing Russia-Ukraine war and rising tensions in the Middle East, continue to drive demand for gold as a stabilising asset, said Sachin Jain, Regional CEO India of the World Gold Council, on Wednesday. Interestingly, he added that advancements in technological production and consumption have further spurred demand for gold. "We see almost a 7 to 10 per cent increase
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