Q42021 gold demand surges with inflation: World Gold Council
Gold jewellery consumption up 52% in 2021, which raised total annual demand by 10% to 4,021 tonnes
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THE demand for gold soared in the fourth quarter of 2021 due to soaring inflation, which helped make up for the precious metal's losses incurred for much of the past 2 years due to the coronavirus pandemic.
In its latest report on gold demand trends, the World Gold Council (WGC) noted that there was a 50 per cent year-on-year surge in the price of gold in the final 3 months of last year.
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