Global Gold Demand Seen to Rebound From 11-Year Low
- Demand for gold jewelry fell to lowest on record in 2020
- Chinese economic recovery is supporting rebound in demand
This article is for subscribers only.
Global gold demand is set to recover this year, after slumping to the lowest in more than a decade in 2020, according to the World Gold Council.
With bullion prices climbing to an all-time high and pandemic lockdowns stifling consumption, demand for gold jewelry fell to the lowest on record last year, the WGC said in a report Thursday. That decline was led by the key Indian and Chinese markets, which experienced historically weak sales.