š£ | Global demand for gold declined, while purchases by banks and funds rose
ā«ļø Central banksā gold purchases rose 42% year over year in the third quarter, reaching 321 tonnesāthe highest quarterly level since the fourth quarter of 2024
ā«ļø This brought net central bank purchases since the start of the year to 675 tonnes, up 6% compared with the same period last year š
ā«ļø Gold funds also recorded positive inflows in the third quarter, adding 211 tonnes to their gold holdings and bringing them to a record 4,256 tonnes
ā«ļø Despite strong official and investment demand, total global gold demand fell 1% to 1,369 tonnes. However, the value of gold rose 22% to $188 billion, as the average price per ounce climbed to $4,262 š
ā«ļø As for consumer demand: bar purchases fell 19% to 268 tonnes, while gold jewellery purchases dropped 17% to 313 tonnesāthe lowest third-quarter level in World Gold Council data š½
š $NVDAB $PEPE $LUNC
ā @mshabaka
#USMidtermElections #USOctoberNFP-AreRateCutsStillPossible #BinanceReopensWithdrawalsForMoreAssets
ā«ļø Central banksā gold purchases rose 42% year over year in the third quarter, reaching 321 tonnesāthe highest quarterly level since the fourth quarter of 2024
ā«ļø This brought net central bank purchases since the start of the year to 675 tonnes, up 6% compared with the same period last year š
ā«ļø Gold funds also recorded positive inflows in the third quarter, adding 211 tonnes to their gold holdings and bringing them to a record 4,256 tonnes
ā«ļø Despite strong official and investment demand, total global gold demand fell 1% to 1,369 tonnes. However, the value of gold rose 22% to $188 billion, as the average price per ounce climbed to $4,262 š
ā«ļø As for consumer demand: bar purchases fell 19% to 268 tonnes, while gold jewellery purchases dropped 17% to 313 tonnesāthe lowest third-quarter level in World Gold Council data š½
š $NVDAB $PEPE $LUNC
ā @mshabaka
#USMidtermElections #USOctoberNFP-AreRateCutsStillPossible #BinanceReopensWithdrawalsForMoreAssets