Gold Demand Weakens In Q3 But Still Beats Historical Averages

Global gold demand slipped year on year between July and September but still surpassed historical norms, according to the World Gold Council (WGC).

Total consumption (excluding over-the-counter (OTC) purchases) totalled 1,147 tonnes during the third quarter. This was down 6% from the corresponding 2022 period, but 8% above the five-year average.