{"id":82282,"date":"2023-02-01T10:41:16","date_gmt":"2023-02-01T10:41:16","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022"},"modified":"2023-02-01T10:41:16","modified_gmt":"2023-02-01T10:41:16","slug":"global-gold-demand-hit-decade-high-in-2022","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022","title":{"rendered":"Global gold demand hit decade high in 2022"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Global gold demand hit a new decade-high of 4,741 tons in 2022, thanks to robust central bank-buying and strong retail investment during the last quarter.<\/p>\n

According to the Gold Demand Trends report from the World Gold Council on Tuesday, gold demand rose 18% from the previous year.<\/p>\n

“Last year we saw the highest level of annual gold demand in over a decade, driven in part by colossal central bank demand for the safe haven asset,” said Louise Street, senior markets analyst from the World Gold Council.<\/p>\n

Central bank demand surged 152% year-on-year to 1,136 tons in 2022, a 55-year record high, the council said, adding “the majority of which was unreported.”<\/p>\n

Investment demand (excluding over-the-counter) increased 10% from a year earlier to 1,107 tons in 2022, led by a notable slowdown in ETF [exchange-traded fund] outflows and strong gold bar and coin demand.<\/p>\n

“Gold\u2019s diverse demand drivers played a balancing act as rising interest rates prompted some tactical ETF outflows, while elevated inflation spurred on gold bar and coin investment,” Street said.<\/p>\n

Jewelry consumption decreased 3% to 2,086 tons last year due to hike in gold prices in the fourth quarter.<\/p>\n

Demand for gold in technology dropped 7% in 2022 as deteriorating global economic conditions hampered demand for consumer electronics.<\/p>\n

Total annual gold supply ticked up 2% annually to 4,755 tons in 2022, while mine production rose to a four-year high of 3,612 tons.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Global gold demand hit a new decade-high of 4,741 tons in 2022, thanks to robust central bank-buying and strong retail investment during the last quarter. According to the Gold Demand Trends report from the World Gold Council on Tuesday, gold demand rose 18% from the previous year. “Last year we saw the […]<\/p>\n","protected":false},"author":84,"featured_media":82281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[6857,7003,544],"class_list":["post-82282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nGlobal gold demand hit decade high in 2022 - kenya<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global gold demand hit decade high in 2022\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Kenya. Global gold demand hit a new decade-high of 4,741 tons in 2022, thanks to robust central bank-buying and strong retail investment during the last quarter. According to the Gold Demand Trends report from the World Gold Council on Tuesday, gold demand rose 18% from the previous year. “Last year we saw the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-01T10:41:16+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Global gold demand hit decade high in 2022\",\"datePublished\":\"2023-02-01T10:41:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022\"},\"wordCount\":237,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/02\/postQueueImg_1675235665.84.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/global-gold-demand-hit-decade-high-in-2022\",\"name\":\"Global gold demand hit decade high in 2022 - 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