📈 Gold demand rises in Q3 thanks to ETF inflows – Commerzbank

This week the World Gold Council released data on gold demand in the third quarter.

📊 Including over-the-counter trades, demand grew 5% year over year, reaching a record level for the third quarter.

🌟 The increase in demand was mainly due to gold ETFs, which recorded an influx of funds for the first time in 10 quarters. As a result, investment demand more than doubled compared to the same quarter last year, although purchases of bars and coins fell.

💍 Jewelry demand also continues to change, highlighting the variety of factors influencing the global gold market. We are monitoring the development of the situation! 🌍✨