In the fourth quarter, the overall demand for gold (including investments in non-exchange) rose by 1% compared to the previous year...
Gold remains one of the most sought-after assets for investors. In particular, in the last quarter, the demand for physical gold was significantly higher due to instability in the fund and financial markets.
"This increase in demand is associated with the growing interest in safe-haven assets during times of uncertainty," noted the expert.
However, demand for jewelry gold decreased due to falling demand for jewelry amid economic instability and restrictions implemented in connection with the pandemic.
Nonetheless, the investment demand for gold remains strong, as investors flock to this precious metal in order to preserve the value of their assets during a time of global market volatility.
