From Investing.com: 2024-08-05 00:50:33

Gold has soared 18.5% this year, hitting record highs, but may struggle due to high prices affecting consumer demand. The World Gold Council reports record demand in the second quarter, with buying from institutional investors surging. However, jewellery and coin demand is dropping globally, signaling consumer hesitation. China and India saw significant decreases in jewellery consumption. With central bank buying down and ETF flows weakened, the future of gold prices remains uncertain. Despite potential headwinds, geopolitical tensions and interest rate cuts may support continued investor interest in gold.



Read more at Investing.com: Column-Gold’s run to record high may crimp demand: Russell By Reuters