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Fading ETF purchases will limit gold demand rise, Metals Focus says
Gold bar with reflected coins (Photo: Bullion Vault, Flickr).

Demand for gold from jewellers and central banks will recover in 2021 but remain below pre-pandemic levels, while buying of bullion by exchange traded funds (ETFs) will fall sharply, consultants Metals Focus said on Tuesday.

Supply of gold from mines, meanwhile, will rise to its highest on record this year, Metals Focus said in its annual Gold Focus report.

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Gold bar with reflected coins (Photo: Bullion Vault, Flickr).

Demand for gold from jewellers and central banks will recover in 2021 but remain below pre-pandemic levels, while buying of bullion by exchange traded funds (ETFs) will fall sharply, consultants Metals Focus said on Tuesday.

Supply of gold from mines, meanwhile, will rise to its highest on record this year, Metals Focus said in its annual Gold Focus report.

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