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Gold Demand Trends Q3 2023

Q3 gold demand firmly above longer-term average Central banks gold buying maintained a historic pace but fell short of the Q3’22 record. Jewellery demand softened slightly in the face of high gold prices, while the investment picture was mixed. Gold demand (excluding OTC) in Q3 was 8% ahead of its five-year average, but 6% weaker y/y at…

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Gold Price Forecast: XAU/USD to see another leg higher once above hurdle at $2,070/$2,075 – SocGen

Gold has regained upward momentum. Strategists at Société Générale analyze the yellow metal’s technical outlook. Gold poised to challenge previous highs at $2,070/$2,075 Gold looks poised to head higher towards the graphical levels of $2,070/$2075 representing highs of 2020 and 2022 and more importantly the upper part of the large sideways range which has been in force…

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