Average Weekly Internal Demand for Gold for Great Britain
Q14003GBQ591NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
520.50
Year-over-Year Change
15.51%
Date Range
1/1/1858 - 4/1/1914
Summary
This economic trend measures the average weekly internal demand for gold in Great Britain. It provides insights into the country's gold consumption and can signal changes in economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Weekly Internal Demand for Gold for Great Britain tracks the domestic usage of gold within the country on a weekly basis. This metric is closely monitored by economists and policymakers to gauge trends in industrial, consumer, and investment demand for the precious metal.
Methodology
The data is collected by the U.S. Federal Reserve through surveys and reporting from gold market participants.
Historical Context
This trend is relevant for analyzing the health of the British economy and can inform decisions around monetary, trade, and industrial policies.
Key Facts
- Gold is a key industrial and investment commodity.
- Great Britain is a major global consumer of gold.
- Demand for gold can signal economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly internal demand for gold within Great Britain, providing insights into the country's gold consumption patterns.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists and policymakers as it can signal changes in industrial, consumer, and investment demand, which are important indicators of economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys and reporting from gold market participants.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the health of the British economy and can inform decisions around monetary, trade, and industrial policies.
Q: Are there update delays or limitations?
A: The data is reported on a weekly basis, with some potential for minor delays in data collection and publication.
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Citation
U.S. Federal Reserve, Average Weekly Internal Demand for Gold for Great Britain (Q14003GBQ591NNBR), retrieved from FRED.