The September edition of Bank of America’s bellwether Global Fund Manager Survey highlights a growing disconnect between fund managers’ expectations and their positioning: funds remain heavily overweight equities despite increasing pessimism over global economic prospects.
During a virtual round table, in partnership with European Pensions, a panel of industry experts consider the medium and long-term prospects for inflation, its potential impact on portfolios and the hedging tools available for pension funds to prepare for whatever the future may hold.
Global average All-in Sustaining Costs (AISC) in the gold mining industry increased by 10% y-o-y in Q2’21, reaching US$1,067/oz. This was also the third consecutive quarter in which AISC has risen. This cost inflation is being driven by several factors, both at the mine site and at the macroeconomic level.
It’s not just the miners that are having a positive impact on SDG 3, gold itself is a critical material in the healthcare sector. It is used in a large number of diagnostic tools, and is of increasing interest to companies developing innovative new ways to treat disease. These applications often go unnoticed, but are an important part of gold’s story.
Today, we announced that all of our Members, the world’s most forward-thinking gold miners, have committed to reporting their positions and progress on climate-related risks in line with the recommendations of Taskforce for Climate-related Financial Disclosures (TCFD).
“Our vision is not health for some; it’s not health for most; It’s health for all!“ So said Dr Tedros Adhanom Ghebreyesus, Director-General at the World Health Organisation (WHO) at the United Nations General Assembly 74th Session in September 2019. Given recent events, a continued focus on universal health and well-being has never been as important as it is today.
Today we’ve published our latest central bank statistics which now includes data for July. Central banks added a net 30.1 tonnes (t) to global official gold reserves during the month, virtually in line (+0.3%) with net purchases in June. This continues the healthy level of interest in gold we have seen from central banks so far this year.
India’s gold market in July: imports rebound as retail demand improves with easing of lockdown restrictions
Retail demand was mixed in June: moderate strength in the first half of the month was followed by a softening of demand in the second half due to an absence of wedding dates. Official imports rebounded with easing of lockdown restrictions and the local market flipped back to discount as demand softened from mid-July onwards
China’s gold market in July: despite the gold consumption off season, local gold ETFs continued to see inflows
Explore China's gold market in July - gold price, consumer demand, outlook and more!
Between 23:30 and 23:45 BST 17,538 contracts traded on Comex, low was $1677.90. Between 23:45 to Midnight a further 7,825 contracts traded and 5,705 in the 15 minutes that followed...
While the possible outcomes of the three-child policy and various supporting measures remain uncertain, we believe there is a link between birth rates and gold consumption, and the details are worth analysing.
Watch our webcast with Bridgewater and Coalition Greenwich for a timely and incisive discussion on post-pandemic portfolio allocation and looking ahead, the outlook for the second half of 2021.
Based on available data, central banks bought a net 32t of gold in June 2021. While Brazil was by far the bigger buyer in the month, several other central banks were active.
Watch Maybank Asset Management’s global market outlook webinar, where we discuss topics including gold’s role as an inflation hedge, how monetary and fiscal policy impacts gold and more!
Listen to the latest episode of Investment Magazine's Market Narratives podcast, exploring the impact of the Basel III changes on gold, global investment trends and the role of gold as a strategic asset.
International gold prices fell steeply in June. The weakness in the gold price can be largely attributed to the more-hawkish-than-expected monetary-tightening signals from the US Federal Reserve’s meeting on 18 June. But the decline in the RMB gold price was narrower than that of the USD gold price, thanks to a 1.6% depreciation in the CNY against the dollar last month.