Open Demo Account
Home / Market Update / Commodities / Global Demand for Gold Declines to Lowest Level in 11 Years

Global Demand for Gold Declines to Lowest Level in 11 Years

M. Ali 30 October, 2020 10:35 pm Commodities, Market Update

The global demand for gold declined during the third quarter (Q3) of 2020 by 19% year-on-year.

Demand during Q3 for the yellow metal amounted to 892 metric tons, the lowest quarterly level registered since 2009, according to data by the World Gold Council.

Meanwhile, investments in the gold sector rose by 21% to reach 494.6 metric tons.

Tags

Check Also

WWDC 2025: Wall Street Watches Apple’s Software, AI Upgrades, Market Gains

Apple’s Worldwide Developers Conference (WWDC), kicking off in Cupertino on June 9, 2025, promises a …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends