Gold Demand Surged to 11-Year High in 2022

February 8, 2023

The price of gold experienced one of its more volatile years in 2022, amidst the war in Ukraine breaking out, and the Federal Reserve's interest rate hiking policy. Yet by the time it was all done, the gold demand on the year was the highest since 2011 (which was another year where we saw a gold price on the high end of its range).

As is discussed in today's show, the surge in demand was fueled by large central bank buying, and also a spike in retail demand. Which is perhaps one of the most glaring indicators that there is a belief that all has not been solved by the Fed's rate hikes as it tries to bring down inflation. And with many analysts still expecting a reversal in the Fed's policy, whether later this year or in 2024, there's reason to believe the gold demand can continue.

So to find out more, and also stay up to date on some of the other recent gold and silver news, click to watch this video now!

Arcadia Economics

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