World Gold Council Quarterly highlights gold's re-monetization.
The World Gold Council report that mine supply was essentially unchanged last year while investor demand was solid with the strength in pricing weighing on jeweler demand as gold re-monetizes.
Mine production was essentially unchanged in 2024. With limited capacity to increase output, miners are experiencing ongoing cost escalation.
Official sector demand for gold remains robust, absorbing 28.5% of mine production last year. Given ongoing geo-political risk and uncertainty, it’s likely Central Bank demand will remain robust this year.
Investor…
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