UAE jewellery demand still dulled by VAT
I spent a few days in Dubai last week conducting field research speaking to jewellers and bullion dealers as well attending the Dubai Precious Metals Conference.
Goldhub blog
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VAT in China
In March the amount of gold that left Shanghai Gold Exchange vaults - also known as the SGE loadouts - hit 218t. This is a chunky number. It is the highest March on record, almost 30% higher than the average monthly loadout since the start of 2016 and a 13% increase on March 2018.
Strong start for central bank demand in 2019
Central bank statistics for February 2019 are now published. You can read a summary of the key findings here.
There continues to be a divergence of the equity and bond markets
Week ending 29 March 2019
Gold: Despite the inflows into ETFs we discussed yesterday, #gold declined during US trading on Wednesday, settling around $1310/oz.
It's remained under light pressure today and is currently just above$1308/oz.
(Short thread) https://t.co/DKSDL47wQ8
Gold in Islamic finance
Quick summary of some recent consumer research of retail investors across Turkey, Saudi Arabia, United Arab Emirates and Malaysia
Back in 2016 when negative yields were last a hot topic we published this note... Market Update: Gold in a world of negative interest rates https://t.co/Kdq05K2k82. Key message: Investors should consider doubling their gold allocations amid negative interest rates #gold#blog https://t.co/8UBHo5cHtQ
Negative-yielding government debt tops $10tn once more https://t.co/gwNmMPl6PP
Gold: This is a positive development in that good quality Indian refineries will have an Indian good delivery gold standard. I'll be interested to see how the standard differs from the LBMA (bar size & throughput, I'm guessing).https://t.co/4eDQLUPUV0
World Gold Council
Market development organisation
RELEASED: Historically, when the Fed has shifted from a tightening to a neutral stance, gold prices have increased. Find out more on the impact of monetary policy on gold in our latest Investment Update: https://t.co/JlucmoL3ya https://t.co/kjgc8iL5Id
Globally stock markets were weaker last week the worst week since December
Week ending 8 March 2019
#Gold: Languishing around $1284/oz this morning following the correction from its recent highs.
(short thread) https://t.co/p2f5TIHxPW
Globally stock markets were slightly higher last week, the standout was China
Week ending 1 March 2019
World Gold Council
Market development organisation
Gold and Climate Change
Gold is valuable and rare. Large amounts of rock need to be mined and processed to produce an ounce of gold and this uses significant amounts of energy.
World Gold Council
Market development organisation
Demand for gold from investors in China is expected to increase this year, while jewellery demand may also rise. Read more from our Managing Director in China, Roland Wang, in @XHNews: https://t.co/givdCNTuo9 https://t.co/L9inaHsW9m
World Gold Council
Market development organisation
In a largely #cashless society, there will still be a need to store wealth, have privacy and carry out transactions between parties who don’t trust one another. Leading economist @krogoff believes gold fills that role. More in our latest #GoldInvestor: https://t.co/6xsfipO0zL https://t.co/KJicu5lbOx
Terry Heymann
Chief Financial Officer