Gold demand surged to an 11-year high in 2022 on ' colossal ' central bank buying

Investment demand for gold increased by 10% to 1,107 tons, while holdings of gold ETFs (exchange-traded funds) saw smaller outflows in 2022 than in the previous year. Jewelry consumption dropped 3% in 2022 to 2,086 tons, with much of the weakness concentrated in the fourth quarter as gold prices…#wgc #centralbankofturkey #egypt #qatar #iraq #oman #wellsfargo #nonus #wellsfargohead #johnlaforge
Source: Reuters: Health - Category: Consumer Health News Source Type: news