On February 5, Jinshi Data reported that the World Gold Council’s new report on the trend of gold demand stated that the total gold demand in 2024 rose by 1% year-on-year to a record high of 4,974.5 tons. Driven by record prices due to geopolitical and economic uncertainties and investors seeking safe-haven assets, the value of this demand soared to $382 billion. Gold demand in the fourth quarter reached a record $111 billion. Louis Striet, Senior Market Analyst at the World Gold Council, said, ‘Geopolitical uncertainty remains high, which will always be a factor supporting investment in gold, whether it is from concerns about military conflicts to uncertainty over trade conflicts.’ The report stated that geopolitical and economic uncertainties will remain high in 2025, and Central Banks around the world seem likely to once again consider gold as a stable strategic asset.
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