Gold's record prices are reshaping demand as investors replace jewelry buyers - Metals Focus (Kitco News) - Investment demand has been a critical pillar of support for #gold# in recent years and, while the unsustainable rise in global sovereign debt remains a key driver in the precious metal's long-term uptrend, one research firm is warning investors to keep an eye on another pillar that has weakened. In a recent report, analysts at Metals Focus warned that record-high gold prices are taking a significant toll on global jewelry demand, with consumption expected to fall to its lowest level since the pandemic. The firm forecasts 2026 consumption more than one-third below 2023, with jewelry losing its position as gold's largest demand component to bar and coin investment... Full story at Kitco