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 Could Hit $3,000 Soon and $4,000 in 2026, Market Pro Says – Here’s Why

Gold prices are on track to hit $3,000 per ounce in the near future, with analysts predicting an even higher target of $4,000 by 2026. The gold market rally is fueled by a combination of inflation concerns, tariff uncertainty, and global central banks accumulating gold as a hedge against U.S. sanctions.