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Gold demand for 2021 to be below pre-pandemic levels

Demand for gold bars and coins has grown in Asia; China and India remain the top consumers: World Gold Council

Published Fri, Jul 30, 2021 · 05:50 AM

London

DEMAND for gold from Asian countries and central banks has helped underpin price of the precious metal in the face of Western investment and speculative sales.

It is about a year since gold peaked at US$2,067 an ounce. For most of 2021, gold - currently priced at US$1,820 an ounce - has traded between US$1,677 and US$1,900.