Average annual return of gold and other assets worldwide, 1971-2025

Between January 1971 and May 2025, gold had average annual returns of

percent, which was only slightly more than the return of commodities, with an annual average of around eight percent. The annual return of gold was over percent in 2024.

What is the total global demand for gold?

The global demand for gold remains robust owing to its historical importance, financial stability, and cultural appeal. During economic uncertainty, investors look for a safe haven, while emerging markets fuel jewelry demand. A distinct contrast transpired during COVID-19, when the global demand for gold experienced a sharp decline in 2020 owing to a reduction in consumer spending. However, the subsequent years saw an increase in demand for the precious metal.

How much gold is produced worldwide? 

The production of gold depends mainly on geological formations, market demand, and the cost of production. These factors have a significant impact on the discovery, extraction, and economic viability of gold mining operations worldwide. In 2024, the worldwide production of gold was expected to reach

million ounces, and it is anticipated that the rate of growth will increase as exploration technologies improve, gold prices rise, and mining practices improve.