World Gold Council: Central Banks Drive Record Gold Demand in 2024, Trend to Continue in 2025

Gold demand surged in 2024, as central banks continued their record-breaking gold purchases, a trend expected to persist through 2025 and beyond. According to the World Gold Council (WGC) Annual & Fourth-Quarter Trends Report, global central banks bought 1,045 tonnes of gold last year, marking the third consecutive year of demand exceeding 1,000 tonnes—more than double the annual average (473 tonnes) from 2010-2021.

Gold Surges Past $2,900 as Trump’s Tariff Threats Drive Safe-Haven Demand

Gold prices have shattered records, surpassing the critical $2,900 per ounce threshold for the first time as investors flock to safe-haven assets amid escalating trade war concerns and heightened inflation fears. The surge follows U.S. President Donald Trump’s renewed tariff threats, which have intensified economic uncertainty.