Gold Demand Soars, Despite Price Dip

0:00Gold prices dipped back into the mid-4,500 range after smashing records, but the World Gold Council's first quarter-twenty. Twenty-six report says the rally's drivers are still kicking strong. The man climbed 2% year over year to 1,231 tons, while the value exploded 74% to a record one, $193 billion. They are in coin buying surge 42% to 474 tons. Central banks grabbed 244 tons of 3%. Percent, but jewelry took a 23% hit from those sky-high prices averaging $4,873. The Fed holding rate steady sparked the recent pullback, with markets eyeing sticky inflation and higher yields making gold less shiny for some. Investors are rethinking the rate cut bet, yet everyday folks and institutions keep piling in amid global tensions. Looking ahead, the council sees geopolitics fueling demand into 2026, with central bank buys steady at 700 to 900.

1:02Tons and Asian bar demand-holding firm. Wall Street targets range from 5,000 to over 6,300 by year end, though jewelry stays squeezed. Gold outpacing the S&P 500 this year and crushed it in 2025, proving even with the cooldown, this metals got legs for, the long game. That's the story for today, Durham News Today, driven by AI.