Chart gallery
31 January, 2023
2022 gold demand almost matched the 2011 record
2022 gold demand almost matched the 2011 record
2022 gold demand almost matched the 2011 record
Sources: Metals Focus, World Gold Council; Disclaimer
Data to 31 December 2022.
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
Data to 31 December 2022.
Outlook
Expected change in annual demand, 2023 vs 2022*
Expected change in annual demand, 2023 vs 2022*
Expected change in annual demand, 2023 vs 2022*
Chart 1 *Technology demand has been removed due to its small relative contribution
Sources: World Gold Council; Disclaimer
*Data to 31 December 2022. Fabrication combines global jewellery and technology demand. Investment includes ETFs, bar and coin and OTC demand., Supply includes mine production and recycling. We have omitted hedging and assume it to be unchanged.
Jewellery
Global jewellery demand: resilient in the face of China’s sharp slowdown*
Chinese gold jewellery consumers were thwarted by lockdowns in 2022
Chinese gold jewellery consumers were thwarted by lockdowns in 2022
* Average annual Chinese jewellery consumption 2012-2021. Data to 31 December 2022.
Source: Metals Focus; World Gold Council
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data to 31 December 2022.
Investment
2022 saw a more moderate decline in holdings than 2021
GDT FY 2022: ETF Demand
Sources: Bloomberg, Company Filings, ICE Benchmark Administration, World Gold Council; Disclaimer
*Data to 31 December 2022.
Western retail investors bought record volumes of gold
Western retail investors bought record volumes of gold
Western retail investors bought record volumes of gold
Data to 31 December 2022.
Source: Metals Focus, World Gold Council
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data to 31 December 2022.
Central Banks
Central bank buying in 2022 was the second highest on record*
Central bank buying in 2022 was the second highest on record*
Central bank buying in 2022 was the second highest on record*
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data to 31 December 2022.
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data to 31 December 2022.
Supply
Mine production grew 1% in 2022 but remained below peak*
Mine production grew 1% in 2022 but remained below peak*
Mine production grew 1% in 2022 but remained below peak*
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data to 31 December 2022.
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data to 31 December 2022.
Recycling increased 1% in 2022 but is 30% below all-time highs*
Recycling increased 1% in 2022 but is 30% below all-time highs*
Recycling increased 1% in 2022 but is 30% below all-time highs*
*Data as of 31 December 2022.
Sources: Metals Focus, Refinitiv GFMS, World Gold Council
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data to 31 December 2022.
Recycling demand in Q4 and 2022 saw regional variations*
Recycling demand in Q4 and 2022 saw regional variations*
Recycling demand in Q4 and 2022 saw regional variations*
Sources: Metals Focus, World Gold Council; Disclaimer
*Data to 31 December 2022.
Sources: Metals Focus, World Gold Council; Disclaimer
*Data to 31 December 2022.
Important disclaimers and disclosures [+]Important disclaimers and disclosures [-]
Disclaimer
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