Gold is used for much more than creating jewellery and forming bars and coins; it is widely used in the technology sector, a relatively small but important component of demand that is often overlooked. In 2025, industrial demand for gold used in electronics, dentistry and other areas totalled 323t, virtually unchanged from 2024.
The growth of AI in recent years has had a considerable and widely reported impact on the electronics sector as a whole, and we regularly receive queries from analysts and institutional investors about how this might affect gold. This paper addresses some of the most frequently asked questions.
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