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Consumer demand for gold to remain low in 2021, says WGC

Consumer demand for gold will likely remain low into next year, despite early signs of a recovery in India and China, the World Gold Council (WGC) has said.

Consumer demand for gold to remain low in 2021, says WGC Consumer demand for gold to remain low in 2021, says WGC Consumer demand for gold to remain low in 2021, says WGC Consumer demand for gold to remain low in 2021, says WGC Consumer demand for gold to remain low in 2021, says WGC

A combination of strong prices, high risk, low interest rates, and an equity market correction will support gold investment, says the WGC

Speaking at the virtual Denver Gold Forum, WGC chief strategist John Reade said 2021 would see "lower consumer demand than normal, due to higher prices and still weak economic activity".