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TRTWorld/Staff/2-2-2022
“The unstoppable rise in global inflation, ongoing uncertainty in the financial markets and tensions across the world have caused a massive spike in demand for gold globally, the World Gold Council (WGC) has said in its latest report.”
USAGOLD note: The rate of growth in international gold demand is overtaking the rate of growth in global mine reserves. Sooner or later, it will likely impact the price unless other sources of supply are found. With major producers like China and Russia keeping their production within their borders, industry experts expect this trend to continue for the foreseeable future. Historically, central banks – another source of supply – have filled the gap between mine supply and demand, but all that has changed over the past several years. Central banks are now a major force on the demand side of the equation.
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