2023 gold demand increased 3% YoY to 4,899 tons driven by India and China, with prices reaching an all-time high due to US inflation and market uncertainty.

In 2023, gold demand surged 3% YoY to 4,899 tons, driven by emerging markets like India and China. This increasing trend is expected to continue in the current year. Amid US inflation and market uncertainty, gold prices reached an all-time high, increasing by 13%. Rio Tinto Group (RIO) is a prominent gold stock, but its position against other gold stocks is not explicitly mentioned in the context of this article.

July 20, 2024
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