Gold demand for 2021 to be below pre-pandemic levels

London

DEMAND for gold from Asian countries and central banks has helped underpin price of the precious metal in the face of Western investment and speculative sales.

It is about a year since gold peaked at US$2,067 an ounce. For most of 2021, gold - currently priced at US$1,820 an ounce - has traded between US$1,677 and US$1,900.