Reported U.S. gold consumption 2008-2018

Reported gold consumption in the United States from 2008 to 2018 (in metric tons)

by M. Garside, last edited Mar 14, 2019
Reported U.S. gold consumption 2008-2018 This statistic illustrates the reported gold consumption in the United States from 2008 to 2018. In 2018, some 145 metric tons of gold were consumed in the United States.
Gold consumption in the U.S.

In 2018, the United States reportedly consumed 145 metric tons of gold. Around 220 metric tons of gold were imported into the United States for consumption with most of this coming from Mexico – more than 40 percent. Other major countries as a source of imports into the U.S. included Canada, Colombia and Peru. Interestingly, the United States recycled some 95 metric tons of new and old scrap gold in 2018 – almost as high as the reported consumption. However, the U.S. is not the largest gold consumer in the world. China, India and Europe are the top gold consumers globally.

Gold is one of the most precious and coveted elements on Earth. It is relatively rare, which contributes greatly to the element’s value. Demand for gold has increased constantly over the last decade. This, on the other hand, has influenced the price of gold on the global market and the price of gold is an important marker for the global economy. With approximately 8,100 metric tons, the United States is the largest gold holding country worldwide.

Global gold reserves are estimated to be around 56 thousand metric tons. Australia, South Africa and Russia are the countries with the largest reserves. The world’s leading producer of gold is China, followed by Australia, Russia, and the United States.
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Reported gold consumption in the United States from 2008 to 2018 (in metric tons)

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