Global demand for gold by purpose quarterly 2016-2020
The statistic shows the quarterly figures for the global demand for gold from the first quarter of 2016 to the third quarter of 2020. The demand of gold for investment purposes amounted to approximately 494.6 metric tons in the third quarter of 2020.
Gold as an investment – additional information
Throughout history, gold has been desirable and in demand and has been characterized as a high value commodity. When investing in any commodity, risk assessments need to be taken into consideration. Generally gold is considered to be a safe investment. It becomes an attractive means of money allocation especially in times of turmoil on the financial markets. Also governments locate a big part of their assets in gold. The United States was the leading gold holding country worldwide as of June 2020, with gold reserves amounting to 8,133.5 metric tons.
The demand for gold globally in 2019 was valued at 4,356 metric tons, with investment being the largest recipient of this precious metal.
Gold as an investment – additional information
Throughout history, gold has been desirable and in demand and has been characterized as a high value commodity. When investing in any commodity, risk assessments need to be taken into consideration. Generally gold is considered to be a safe investment. It becomes an attractive means of money allocation especially in times of turmoil on the financial markets. Also governments locate a big part of their assets in gold. The United States was the leading gold holding country worldwide as of June 2020, with gold reserves amounting to 8,133.5 metric tons.
The demand for gold globally in 2019 was valued at 4,356 metric tons, with investment being the largest recipient of this precious metal.
