Gold-backed ETFs saw $1.3 billion of net outflows across all regions in November, according to the latest monthly data from the World Gold Council (WGC), driven by a stronger dollar, a Brexit extension, and stronger equity markets from September and October highs. However, global gold-backed assets under management still grew 35 per cent this year as a […]
The World Gold Council launched its new consumer research report highlighting opportunities for gold for those working in both retail investment and jewellery markets. The significant piece of research, with an 18,000-strong sample, looks at a range of markets including China, India, North America, Germany and Russia, and highlights unique insights into attitudes towards and […]
Global gold demand grew modestly to 1,107.9 tonnes in the third quarter of 2019, a rise of 3% on the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. A surge in exchange-traded fund (ETF) inflows outweighed softer demand elsewhere in the market. Although central bank demand remained healthy, […]
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 […]
Consumers in India are selling old gold to benefit from high prices. The same is reflected in the data for the June quarter that the World Gold Council released on Thursday, in Gold Demand Trends. The report stated consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, […]
India’s gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import taxes curtailed demand, a government source said on Monday. Lower purchases by the world’s second biggest consumer of gold could cap gains […]
Chaired by the World Gold Council, the industry steering committee has released a blueprint for Gold Spot Exchange in India. The report is both wide ranging and inclusive, covering the vision of the industry committee for the future, combined with pragmatic guidance around successful implementation of the Gold Spot Exchange in India. A feasibility study […]
In its mid-year 2019 gold outlook released today, World Gold Council has said that over the next six to twelve months, financial market uncertainty and accommodative monetary policy will likely support gold investment demand . “Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their expectations based on new information, […]
Amid political uncertainty, US-China trade war, the mid-east crisis, and other global slowdown signs, global central banks turned big buyers in the month of June. Poland turned out to be the biggest buyer last month, with the Polish Central Bank buying 95 tonnes, one of the highest monthly purchase in recent years. China purchased 10.3 […]
The Reserve Bank of India purchased 52.3 tonnes of gold in FY19 to augment its foreign exchange reserves, according to the latest data released early this week by the World Gold Council. With this, it has entered league of world’s top-10 gold holding central banks. RBI currently holds 612.6 tonnes of the metal as part of its foreign exchange reserves. Till about a month ago, the central bank […]
