Theo Botoulas

“Annual gold consumption is running at record levels of almost 5,000 [metric] tons per annum. At the same time, supply increases by little more than 1.5% annually, providing a favorable backdrop for the market.”

Theo Botoulas · said date not stated · reported 2026-08-21

Theo Botoulas outlined annual gold consumption levels and constrained supply growth.

“Short-term moves like this week's announcement by Treasury Secretary Scott Bessent will keep driving volatility in the gold price, and tensions in the Middle East will add to that. However, the structural picture hasn't changed,”

Theo Botoulas · said date not stated · reported 2026-08-21

Theo Botoulas discussed short-term volatility factors alongside the structural picture for gold.