Gold consumption in the U.S. 2010-2023

In 2023, an estimated 250 metric tons of gold were consumed across the United States. Gold consumption in the North American country has experienced a continual annual decline since 2021, when figures reached a record high of 265 metric tons.

Gold trade in the United States

The United States imported an estimated 200 metric tons worth of gold for consumption purposes in 2023. This was the highest import volume reported by the North American country since the year 2020. Most of the gold shipments came from Mexico – accounting for more than 40 percent – with other important trading partners including neighboring country Canada, as well as Colombia. Meanwhile, the volume of gold exported from the United States dropped to an estimated 250 metric tons in 2023.

Gold: a dynamic and precious commodity

Gold is one of the most precious and coveted elements on Earth. It is relatively rare, which contributes greatly to the element's value. Demand for gold has increased constantly over the last decade. This has influenced the price of gold on the global market, which is an important indicator of the global economy. With approximately 3,000 metric tons worth of gold reserves, the United States is amongst the largest gold holding countries worldwide, topped only by Australia, Russia, and South Africa.