Gold Pricing Influenced by Marginal Demand, Report Suggests

According to PANews, a research report from CITIC Securities indicates that marginal demand is increasingly significant in explaining gold pricing. Returning to traditional supply and demand logic, the report notes that gold supply remains relatively stable, with annual production consistently around 3,600 tons. Therefore, the true pricing variable for gold lies in demand, particularly marginal demand. Gold demand primarily consists of three components: private sector consumption, private sector investment, and official gold purchases source: https://www.binance.com/en/square/post/33071730631450?utm_source=BinanceNewsRSS