Gold demand reaches record in Q3 with 'FOMO bar and coin trade in full swing'

Group 1 - Global gold demand reached an all-time high in Q3, increasing 3% year over year to 1,313 metric tons, driven by significant ETF investments and high bullion prices [1][5] - The surge in demand was attributed to "huge ETF buying" and bar and coin purchases, with investors motivated by a "fear of missing out" [1][2] - Central banks are projected to continue their buying spree, with an estimated total demand of 750 to 900 metric tons for the full year, which is lower than last year but consistent with year-to-date flows [2] Group 2 - Spot gold prices have risen approximately 50% in 2025, reaching a record $4,381 per ounce before a recent decline, with futures climbing to $4,020 [3] - Analysts from UBS predict gold prices will rebound to $4,700 by the end of Q1 2026, while Goldman Sachs forecasts a price of $4,900 per troy ounce by the end of next year [4]