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 […]
Asian economies are better equipped to weather external shocks and financial pressures owing to buffers built and reforms undertaken in the wake of the Asian Financial Crisis, which began 20 years ago last week, Fitch Ratings said in a note. The shift from fixed to more flexible exchange rates is one of the key differences […]
Global gold demand in Q1 2017 was 1,034 tonnes (t), a decline of 18% compared to the record Q1 in 2016, according to the World Gold Council’s latest Gold Demand Trends report. Inflows into Exchange Traded Funds (ETFs) totalled 109t which, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand […]
A fall in purchase of jewellery and by central banks could not offset could not offset a sharp increase in investment demand for gold, pushing global sales to the precious metal down 10 percent year on year to 993 tonnes (t) in the third quarter of 2016, according to the World Gold Council’s (WGC) latest […]
Global gold demand reached 2,335 tonnes (t) in the first half of 2016 with investment reaching record H1 levels, 16% higher than the previous record in H1 2009, according to the World Gold Council’s latest Gold Demand Trends report. According to the report, demand in the second quarter continued in the same vein as the […]
A weak Japanese government bond demand is being seen as a signal of investors starting to lose confidence in the effectiveness of unconventional monetary policies, the World Gold Council (WGC) said in a recent note, and pushing gold prices up as they use the metal to hedge portfolio risk. A WGC note said that investors […]
Gold demand rebounded in the second half of 2015 on sustained buying from central banks and a strong pull in China and India, but the annual demand was virtually flat at 4,212 tonnes with China continuing to be the top buyer, the World Gold Council (WGC) said in its latest demand trends report. “This was […]
