30 years of gold market insights
Over the past thirty years the gold market has greatly changed, becoming more diverse both from demand and supply perspectives, according to a new report by the World Gold Council.
In the early 1990s gold was predominantly driven by consumers.
Jewellery and technology accounted for a large proportion of this gold demand from 1992-2002. In contrast, during the past decade jewellery and technology has made up a smaller 44% of annual average gold demand, reflecting developments within the gold industry, the macroeconomic backdrop, and changes in the gold price.
Jewellery and technology demand also now play an important balancing counterpart to investment and central bank demand. Combined, gold’s role as a consumer good and investment asset underpins its unique dual nature and effective role as a diversifier.
To read the full report from the World Gold Council, click here..
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