Global Gold Demand Falls While Central Banks Accelerate Purchases; Investment Demand Declines in Türkiye

According to World Gold Council (WGC) data, global gold demand, including over-the-counter transactions, fell 1% year-on-year in the third quarter to 1,369 tons. Despite this decline, the increase in central bank gold purchases drew attention. Central banks accelerated their gold purchases in the third quarter, continuing to be a significant component of global demand. Their purchases partially offset the general slowdown in the market. In Türkiye specifically, investment-purpose gold demand declined 39% quarter-on-quarter. This decrease presented a picture diverging from the global trend. The WGC report shows that gold demand exhibits regional and sectoral differences. The increase in central bank purchases continues to be monitored for the trajectory of global demand. This is not investment advice.

📊 GLD — Piyasa Yorumu

■ neutral · 55%

The news indicates that global gold demand is weakening, but central bank purchases are accelerating; these two effects partially offset each other. The GLD price has declined 0.79% in the last 24 hours, with the RSI at 44 in the neutral-weak zone and below the MACD signal line. The price being significantly above the SMA20 and SMA50 (note data inconsistency) suggests a risk of overbought conditions in the short term. Although central bank purchases are a medium-term support factor, the decline in investment demand in Turkey could increase short-term pressure. Therefore, there is no clear directional signal in the 1-3 day outlook; a cautious and neutral stance is appropriate.

RSI 14

44.3

MACD

-1.85

24h Δ

-0.79%

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