Trading in global gold market down 26% in November, says WGC

Trading in the global gold market declined by 26 per cent in November, averaging $417 billion a day, against a record high of $561 billion in October, the World Gold Council (WGC) said. However, global gold volumes remained well above their 2024 average of $232 billion a day. “With gold price volatility decreasing in the month, all sectors saw slower activity,” said the WGC. OTC trading was lower by 24 per cent month-on-month to $188 billion a day, mainly since  LBMA volumes were lower by a fourth at $169 b ...