Goldhub blog

Loading content...

Ray Jia
Research Manager
World Gold Council

Au(T+D)’s trading volume edged closer to new record in July

  • Chinese gold prices rose modestly in July 
  • Au(T+D)’s trading volume in July extended its June surge
  • The local gold premium saw a much lower volatility 
  • Imports registered another decline, dropping to 55t in July
  • Gold withdrawals from Shanghai Gold Exchange (SGE) experienced the first rise in four months 
  • The People’s Bank of China (PBoC) added another 10t to its gold reserves
Charlie Morris
Head of Multi-Asset
Atlantic House Fund Management

How I value gold

Many investors buy gold instinctively, as a long-term store of value. Charlie Morris, Head of Multi-Asset at UK investment manager Atlantic House Fund Management, has devised a more conventional way of assessing gold – using a tried and tested model. 

Krishan Gopaul
Market Intelligence Group
World Gold Council

Brexit boost for UK gold-backed ETFs

The inhabitants of the UK are surrounded. There’s no escape. Brexit is everywhere you turn. News broadcasts, front pages, dinner conversations, everywhere.  Over three years (and counting) since the result, Brexit uncertainty remains a persistent part of the UK way of life and at the forefront of investors’ minds. 

Madame Wu, Xiaoling
Chairwoman of the Board of the PBC School of Finance (PBCSF)
Tsinghua University

Driving China’s gold market

Madame Wu Xiaoling, Chairwoman of the Board of the PBC School of Finance, Tsinghua University and former Deputy Governor of the People’s Bank of China, believes that gold has a crucial role to play in China’s continuing development and the internationalisation of the RMB. 

Ray Jia
Research Manager
World Gold Council

The advancements in China’s gold buy-back market

Recycled gold is an important source of gold supply . In 2018, the volume of recycled gold reached 1,168t, accounting for over 25% of total supply globally. Recycled gold is also an important source of supply in China, amounting to 146t, or 20% of domestic supply in 2018. Recently, China’s recycled gold market has experienced some exciting developments which could improve the efficiency and transparency of the industry. 

Mukesh Kumar
Market Intelligence Group
World Gold Council

Higher domestic price and monsoon dents Indian gold demand in June

Summary

  • Indian gold imports were 62t in June 2019 – up slightly on the same month last year 
  • The domestic gold price was 6.1% higher in June as compared to end of May
  • With higher domestic gold prices, the local discount in the gold market reached $23/oz (1.6% to the international price) by end of June
  • Higher and relatively volatile prices encouraged gold futures trading on MCX: volumes touched a high of 28.2t in June 
Isabelle Strauss-Kahn
Former Lead Financial Officer
The World Bank

Central banks return to gold

Intro: Central banks bought more gold in 2018 than at any time since the early 1970s – and the trend has continued this year. Isabelle Strauss-Kahn, Member of the Advisory Board of the World Gold Council, former Director of Market Operations at the Banque de France and former Lead Financial Officer at the World Bank, explains why.

John Reade
Chief Market Strategist
World Gold Council

2019 Central Bank Gold Reserves Survey signals more buying to come

Our Central Banks and Public Policy team have just published the results of the 2019 Central Bank Gold Reserves Survey. The survey gives a fascinating insight into the minds of central bankers and is especially timely since central banks continue to post record-breaking levs of net gold purchases in recent quarters.

Ray Jia
Research Manager
World Gold Council

Shanghai Gold Benchmark price hit record high in June

Summary

  • Shanghai Gold Benchmark price hit 319.2 yuan/gram – highest level since its introduction in April 2016
  • Au(T+D)’s trading volume in June reached second highest level on record – 2,062t
  • The local gold premium rose sharply 
  • Imports continued to slide in May, dropping to 69t
  • Gold withdrawals from Shanghai Gold Exchange (SGE) fell again last month 
  • PBOC added a further 10t to its reserves in June