Spot gold prices have risen by 50% so far this year, hitting an all-time high of $4381 per ounce on October 20, driven by safe-haven demand fueled by geopolitical tensions and uncertainty over U.S. tariffs, and recently by a wave of fear of missing out. Central bank purchases grew by 10%, while demand for bars and coins increased by 17%. Global gold demand rose by 3% year-on-year to 1313 metric tons in the third quarter, the highest quarterly figure ever, amid an increase in investment demand, according to the World Gold Council on Thursday. This was stated by Louise Street, chief analyst.
