Mumbai, April 30 -- World Gold Council or WGC stated in a latest update that investment in gold is to continue to gather pace on near-term stagflation risks, medium-term recession risk, elevated stock-bond correlations, an expected acceleration in US deficits, and continued geopolitical tensions. Demand for jewellery is likely to be weaker than expected on lower growth and higher than anticipated prices. Gold demand from Technology sector will likely slow slightly from waning global growth, but is set to remain within a healthy range from AI-related demand.
WGC noted that Bar and coin buying will stay resilient rather than strong as geopolitical risk motives are tempered by sensitivity to surging prices. Central banks will repeat buying cl...