Gold Demand Trends Full Year 2022

Olivier Le Moal

2022: strongest year for gold demand in over a decade

Colossal central bank purchases, aided by vigorous retail investor buying and slower ETF outflows, lifted annual demand to an 11-year high.

Annual gold demand (excluding OTC) jumped 18% to

2022 gold demand almost matched the 2011 record

Data to 31 December 2022. (Sources: Metals Focus, Refinitiv GFMS, World Gold Council)

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