Global demand for gold is at its highest level since 2011

The annual demand for gold has reached its highest level since 2011 Buy central banks Standard amounts of yellow metal.

According to the statistics of the World Gold Council, the global demand for gold reached 4,741 tons during the past year, an increase of 18% compared to 2021.

The council said that the biggest surprise for this year was the record demand of central banks, which reached its highest level in 55 years, amounting to about 1136 tons.

The council added that the most important factors that drove demand were the war in Ukraine and record levels of inflation in many countries.