AI driving industrial gold demand, says World Gold Council report
World Gold Council. AI is fast becoming a cornerstone of modern technology, driving advancements across various industries. The considerable electronics infrastructure required to power this rapidly growing sector directly impacts industrial gold demand.
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The WGC report said that gold is an essential component in manufacturing AI-enabled devices. AI systems rely heavily on advanced hardware, including processors, memory chips and sensors, all utilising gold. AI-enabled devices, such as smartphones and autonomous vehicles, alongside a corresponding growth in data centres, have created an exponential rise in the need for highly efficient and reliable electronic components. Gold's superior conductivity ensures that data can be processed and transmitted at high speed with minimal energy loss. Furthermore, gold's resistance to corrosion ensures component longevity and durability – critical for continuous and intensive AI applications.
As AI technology advances, the demand for more sophisticated and powerful hardware can only increase. This, in turn, is likely to drive demand for gold, as manufacturers seek to enhance the performance and reliability of their AI-enabled devices. Meanwhile, sectors such as healthcare and finance are looking to AI to improve efficiency and innovation, and this can only further amplify demand.
Gold plays a crucial role in electronic devices: it is an excellent conductor of
