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Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
World's demand for gold hit another record high last year; appetite for bullion in 2025 remains firm
The world's demand for gold hit another record high in 2024 amid robust central bank purchases and investment demand growth, the World Gold Council said in its annual report. Total gold transactions came in at 4,974 tons last year, compared with 4,899 tons in 2023, inclusive of over-the-counter investments.
Central banks stretched their gold-buying streak to a 15th consecutive year in 2024, contributing to rise in total demand for the precious metal to its highest annual level on record — with no sign of an end this year to their “hunger” for gold, according to the World Gold Council.
Asian markets mixed as US-China trade tensions rise. Hang Seng dips, Nikkei holds steady, and ASX 200 gains on Wall Street rally.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The yellow metal is trading just below $2,900 an ounce. Miner stocks are rallying too.
Trade wars provide additional support to gold markets.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.