Demand for gold set to keep glittering

Robust demand for gold investment, as seen in the first three quarters, is expected to continue as economic and geopolitical uncertainties may drive up investors' purchases of safe-haven assets, leading to a sales increase in gold coins and bars, said experts on Tuesday.

The precious metal's attractiveness to investors may be further spurred if central banks continue with their gold buying, they said.

Demand for gold bars and coins in China surged to 82 metric tons in the third quarter despite soaring gold prices, marking a remarkable 66 percent surge on a quarter-to-quarter basis and a 16 percent year-on-year increase from the high base in the third quarter of 2022, said a report released on Tuesday by the World Gold Council.