Key takeaways
- Gold's most dependable buyers used to be brides and shoppers.
- Jewelry consumption fell 17% from a year earlier, the weakest third quarter in the council’s data series.
- If gold holds near $4,000 while it stays above 2.5%, the old rate model for gold no longer explains the market.
In the three months ending in September, the world's central banks added 321.2 metric tons of gold to their reserves. Over the same stretch, shoppers everywhere, from Mumbai wedding markets to mall jewelers in Ohio, bought 312.
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