Demand for physical gold investment among retail investors in Europe varied year on year. Investment demand then experienced three peaks above 70 tons from 2020 to 2022. Nonetheless, the demand has decreased to its lowest values for the last two quarters of 2023 recording 29.7 tons in the fourth quarter. The demand for physical gold investment is partly influenced by the level of uncertainty in the market. During times of higher inflation, for example, investors opt to hold their cash in a more stable commodity.
Retail investment demand for physical gold in Europe from 1st quarter of 2016 to 4th quarter of 2023
(in tons)
The data excludes the countries in the Commonwealth of Independent States (CIS): Armenia, Azerbaijan, Belarus, Kazakhstan, Kirghizstan, Moldavia, Uzbekistan, Russia, Tajikistan, Turkmenistan, Ukraine
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World Gold Council. (January 15, 2024). Retail investment demand for physical gold in Europe from 1st quarter of 2016 to 4th quarter of 2023 (in tons) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1336742/retail-investment-demand-physical-gold/
World Gold Council. "Retail investment demand for physical gold in Europe from 1st quarter of 2016 to 4th quarter of 2023 (in tons)." Chart. January 15, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1336742/retail-investment-demand-physical-gold/
World Gold Council. (2024). Retail investment demand for physical gold in Europe from 1st quarter of 2016 to 4th quarter of 2023 (in tons). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1336742/retail-investment-demand-physical-gold/
World Gold Council. "Retail Investment Demand for Physical Gold in Europe from 1st Quarter of 2016 to 4th Quarter of 2023 (in Tons)." Statista, Statista Inc., 15 Jan 2024, https://www.statista.com/statistics/1336742/retail-investment-demand-physical-gold/
World Gold Council, Retail investment demand for physical gold in Europe from 1st quarter of 2016 to 4th quarter of 2023 (in tons) Statista, https://www.statista.com/statistics/1336742/retail-investment-demand-physical-gold/ (last visited November 23, 2024)
Retail investment demand for physical gold in Europe from 1st quarter of 2016 to 4th quarter of 2023 (in tons) [Graph], World Gold Council, January 15, 2024. [Online]. Available: https://www.statista.com/statistics/1336742/retail-investment-demand-physical-gold/