World Gold Council Lowers 2026 Investment Demand Growth Forecast to 200 Tonnes

TechFlow reported that, according to the World Gold Council's Q3 Gold Demand Trends report released on November 4, the organization lowered its forecast for the year-on-year increase in gold investment demand in 2026 from 400 tonnes to approximately 200 tonnes. Although gold ETF demand exceeded expectations, demand for gold bars and coins slowed markedly in the second half of the year.

The council also raised its full-year central bank gold demand forecast, expecting it to at least match 2025 levels, as Q3 gold purchases came in stronger than expected and Q2 data were revised slightly upward. The report showed that global central banks purchased 321 tonnes of gold in Q3, while gold ETFs increased holdings by 211 tonnes.

Source: TechFlow