Annual gold demand jumped 18% to 4,741 tonnes, almost on a par with 2011.
Demand for gold has reached its highest in over a decade on the back of colossal purchases made by central banks, as well as vigorous retail investor buying and slower ETF outflows, the World Gold Council said on Tuesday.
Jewellery consumption, on the other hand, softened a fraction in 2022, down by 3% at 2,086 tonnes. Much of the weakness came through in the fourth quarter as the gold price surged.
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