Gold’s Demand Story Has Broadened Beyond Central Banks | David Tait
Gold’s rally is being driven by deeper structural forces than short-term headlines. Speaking with Kitco Mining’s Paul Harris at the Future Minerals Forum 2026 in Riyadh, World Gold Council CEO David Tait explains why demand for gold has broadened and what could ultimately change the trend.
Tait says central bank buying remains an important foundation, with purchases still close to 1,000 tonnes, but argues gold’s role is increasingly portfolio-driven. He points to shifts in Japan’s investor base, rapid growth in India’s gold ETF market, and regulatory changes allowing Chinese insurers to…
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