Viewed as a haven investment in times of economic unrest, gold saw demand surge 50% in the final three months of last year compared with the October-December period in 2020, the World Gold Council said in a report.
Gold demand "in the consumer-driven jewellery and technology sectors recovered throughout the year in line with economic growth and sentiment, while central bank buying also far outpaced that of 2020", the Council added. "But demand faces some risks from a slowdown in China as well as Covid-related restrictions," the WGC warned.Gold jewellery demand jumped by more than half in 2021 on strong buying in India and China, as celebrations including marriages postponed by Covid finally took place.
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