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Central bank buying, ETF inflows support third-quarter gold demand
The World Gold Council's (WGC’s) 'Gold Demand Trends' report for the third quarter has revealed that total gold demand was 1% lower year-on-year at 1 369 t. The gold price averaged $4 262/oz for the quarter, while the value of demand rose by 22% year-on-year to $188-billion. Central banks and other official institutions added a net 321 t to reserves in the quarter, up 42% year-on-year and the highest quarterly total since the fourth quarter of 2024, with portfolio diversification and risk management remaining the primary demand drivers.
The World Gold Council's (WGC’s) 'Gold Demand Trends' report for the third quarter has revealed that total gold demand was 1% lower year-on-year at 1 369 t. The gold price averaged $4 262/oz for the quarter, while the value of demand rose by 22% year-on-year to $188-billion. Central banks and other official institutions added a net 321 t to reserves in the quarter, up 42% year-on-year and the highest quarterly total since the fourth quarter of 2024, with portfolio diversification and risk management remaining the primary demand drivers.
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