Investors’ “fear of missing out” on gold’s rally has sparked record demand for the precious metal, even as high prices push central banks to scale back their purchases.
The value of global demand passed $100bn for the first time in the third quarter of this year, according to industry body the World Gold Council, driven mainly by investor buying.
The volume of global gold demand also rose to a record in the same period, up 5 per cent to 1,313 tonnes.
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