WORLD GOLD COUNCIL / 3 NOVEMBER 2026
Demand has
more than one driver.
The Q3 2026 report records 1,369 tonnes of total global demand including OTC, 268 tonnes of bar-and-coin investment and 211 tonnes of ETF inflows, rounded. These measure different channels, rather than a single retail buying trend.
Our interpretation: A global total does not describe a US dealer’s inventory or the premium on a particular coin. Keep broad market context separate from a transaction quote.
World Gold Council: Gold Demand Trends Q3 2026 →