Goldhub blog: Posts from June 2019

Gold breaks out of key multi-year resistance level

What do Millennial investors think of gold?

South African production: important but no longer globally significant

Gold OTC trading volume is 50% higher this month

With the recent rally, Gold trading volumes have increased significantly in June ($151bn vs ytd average of $115bn), particularly in the LMBA OTC market, which has seen averages increase 50% this month.

Takeaways from the SBMA's annual Asia Pacific Precious Metals Conference

I have spent the past few days at the Singapore Bullion Market Association’s annual Asia Pacific Precious Metals Conference in Singapore. An excellent event with good attendance from across the region, including attendees from Vietnam, Myanmar, Malaysia, Australia, China and India.

Gold and Islamic finance

The Islamic finance market is now valued at more than US$2tn and growing at a rapid rate. The association between Islamic finance and gold dates back many centuries but, until recently, Islamic savers were unclear whether they could invest in gold products. In 2016, the AAOIFI Shari’ah Standard on Gold, developed in collaboration with the World Gold Council, provided the clarity that investors needed. 

How gold-backed ETFs affect London's gold vault holdings

Sitting in-between the major trading centres of New York (COMEX) and Shanghai (Shanghai Gold Exchange) is the beating heart of the physical gold market: London.

Central banks continue gold-buying spree

As we do every month, we have now published our widely watched central bank statistics. These figures give a clear view of central bank activity and how gold reserves are evolving.

Gold prices were strong during 'risk-off' days in May