World gold demand fell by 6% in the first half of the year amid covid-induced supply shortages, although record high inflows into Exchange Traded Funds cushioned the impact, according to World Gold Council. Demand during the second quarter declined by 11% to 1,015.7 tons. “The covid-19 pandemic was again the main influence in the gold market […]
Gold has had a sizzling run since last year, rising by over 25% through 2019 and then adding another 17% since the start of the year till date. As the Covid-19 pandemic has prompted a widespread reassessment of global economic prospects, investors have rotated into safe-haven assets, including gold, the World Gold Council said in a recent […]
Gold prices hitting the roof with each bad news during this pandemic crisis is evident. The well-accepted theory that the yellow metal shines when real interest rates are very low or even negative is coming true for gold. So far this year, the gold price has gone up by over 12% on the back of a surge in […]
Globally, gold-backed ETFs (gold ETFs) added 170 tonnes – net inflows of $9.3bn (+5.1%) – in April, boosting holdings to a new all-time high of 3,355 tonnes. Assets under management (AUM) also reached a new record high of $184 billion as gold in US dollars moved higher by 5.8%. Inflows have been strong and consistent […]
India’s gold imports plunged 99.9 per cent year-on-year in April to their lowest in nearly three decades as air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus. The world’s second biggest consumer of the precious metal imported around 50 kilograms of gold in April, down from 110.18 […]
The Reserve Bank of India (RBI) bought 7.5 tonnes of gold in October 2019 for adding to its foreign exchange reserves, which swelled to $461 billion, including $28 billion in gold. The purchase was made after five months, the World Gold Council (WGC) said. The RBI now holds 625.2 tonnes of gold or 6.6 per […]
The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. Gold is already trading well above its 5-year high. Not only has the U.S.-Iran conflict reached a boiling point, with Trump readying to deploy an additional 1,000 troops to the Middle […]
The 2019 Central Bank Gold Reserves (CBGR) survey points to continued robust central bank demand for gold in the short and medium term. A good 11 per cent of emerging market and developing economy (EMDE) central banks surveyed say they intend to increase their gold reserves over the next 12 months. This is similar to […]
Global demand for gold grew to 1,053.3 tonnes in Q1, up 7 per cent year-on-year, according to the latest report by the World Gold Council (WGC). A big reason for the stronger demand is central banks, which continued to buy gold for diversification and liquidity purposes. Another is improvement in the India market. Central banks around the […]
Global gold demand reached 4,345.1 tonnes (t) in 2018, up 4% on 2017 and in line with five-year average demand of 4,347.5t, according to the World Gold Council’s latest Gold Demand Trends report. The annual increase was driven by a multi-decade high in central bank buying and accelerated investment in bars and coins during the […]
