Global gold demand is being primarily driven by emerging markets:



Emerging markets have accounted for 70% of world gold demand over the last 10 years.

Greater China alone made up 27% of global demand, the largest portion of any region, followed by India at 21%.

As a result, the two countries accounted for nearly half of all global gold demand.

By comparison, North America and Europe, including Russia, represented just 11% and 12%, respectively.

On the supply side, mine production accounted for 74% of total gold supply, with recycling reflecting the remaining 26%.

Africa is the largest gold supply source, at 26%, followed by Asia at 19%, the Commonwealth of Independent States (CIS), Central, and South America at 15% each, and North America at 14%.

Emerging markets are fueling the gold rush.
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