Global gold demand reaches record high value of over $100 billion

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Investment demand for gold skyrocketed, more than doubling from the previous year to 364 tonnes. This surge was primarily fueled by a shift in demand for gold exchange-traded funds (ETFs) among Western investors, with global gold ETFs adding 95 tonnes–a notable rebound as this marked the first positive quarter since Q1 2022.

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Global gold demand reaches record high value of over $100 billion

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