Global gold demand hits record high!

Global demand for gold rose to 4,345.1 tonnes, the World Gold Council said in a statement.

The year 2020 has caused unexpected events for the whole world. One of them, of course, is the economy. 

Global gold demand rose to 4,345.1 tonnes in 2018 from 4,159. 9 tonnes in 2017,according to World Gold Council data. The average for the last 5 years in gold demand was 4,347.5 tons.

Gold supply was 3,364.9 tons, of which 4490.2 tons were produced from the mine.

Gold inflows into exchange traded funds based on gold in the whole of 2018 decreased by 67 percent compared to 2017 to 68.9 tons.

Investment in gold as bullion and coins increased by 4 percent to 1090.2 tons, and demand for gold as jewelry in 2018 to 2,200 tons took place.

The amount of gold used in the technology was also set at 334.6 tons in 2018.

Central bank's gold reserves rose by 651.5 tonnes.