In 2022, under the multiple effects of central banks’ vigorous gold purchases, individual investors’ strong buying, and the slowdown of gold ETF outflows, annual gold demand will also rise to the highest level in 11 years. Gold demand in 2022 will almost match the record high levels set in 2011. On January 31, the “Global Gold Demand Trends Report” released by the World Gold Council showed that the demand for gold in 2022 will rise to the highest level in nearly 11 years. In addition, the central bank’s gold purchases for the whole year of 2022 will reach 1,136 tons, a record high in 55 years. | Related reading (China Fund News)
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