Total demand for gold hit a record high last year and is expected to expand again in 2024, as the US Federal Reserve moves to cut interest rates, which could help prices, according to the World Gold Council.
Overall consumption rose about 3 percent to 4,899 tons last year, supported by strong demand in the opaque over-the-counter market, as well as from ongoing buying by central banks, the highest overall figure in the data dating back to 2010.
According to the World Gold Council, the scene is suitable for emerging central banks to continue to be net buyers, indicating that there is a strong case for buying registrations by countries such as China and Poland.
Source (Al-Arabiya.net Website, Edited)
