🟠Forecast for 2026, total gold demand could reach approximately 4,900 tons - a record high and the second consecutive year of growth.

Jewelry demand is expected to increase by about 100 tons, reaching around 1,700 tons - the highest since 2024.
Central banks continue to net purchase around 1,000 tons - maintaining a historically high level.
Physical gold ETFs may attract an additional ~900 tons of net inflows - the second consecutive year of strong inflows.
Demand for gold bars and coins remains stable around ~1,300 tons.
Gold is being talked about everywhere. It’s quite amusing that the world is accelerating gold accumulation as prices rise sharply.