Goldhub blog: Posts from January 2020

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Mukesh Kumar
Market Intelligence Group
World Gold Council

Gold demand tailed off in second half of December with start of inauspicious period and higher gold price

Wedding and stable domestic gold price at ~Rs 37800/10gm helped demand in first half of December but demand tailed off after 15th December after the beginning of inauspicious period and rising gold price which jumped by 3.7% from mid-December till end of the month.

EY Canada
Jeff Swinoga and Thibaut Millet

Why ESG is climbing the boardroom agenda

Environmental, social and governance (ESG) issues are increasingly finding their way on the radar of internal and external stakeholders. ESG can be transformative for many industries, especially for those that have a significant direct impact on all three areas of ESG as the mining and metals sector does.
Alistair Hewitt
Head of Market Intelligence
World Gold Council

The Art of the Trade Deal

“It just doesn’t get any bigger than this”. At least that is how President Trump is portraying the signing of the “Phase One” deal with China last week. But while talks between the two nations are undoubtedly positive for global trade, do they really make a substantive change in circumstances?
Ray Jia
Research Manager
World Gold Council

Chinese New Year: what does it mean for China’s physical gold market?

On 25th January 2020, people throughout China will celebrate the start of a new year – the most important festival in the Chinese lunar calendar. This will kick off Year of the Rat and begin another rotation of the twelve zodiac signs. Most people are already in a festive mood, and, as a result, so is China’s gold market.

John Mulligan
Director of Member and Market Relations
World Gold Council

After the fire… Gold and the climate crisis

Gold has a special place in the Australian psyche. The gold rush of the early 1850s helped propel the country’s economy, stimulate its industries and grow its population. Australia is the world’s second largest gold producer and gold remains its third major commodity export. And over the last few years the Australian gold sector has flourished, with record mine production and record gold prices... But any sense of sectoral optimism is in danger of evaporating as the country struggles to cope with raging bushfires of unprecedented intensity and scale.

Ray Jia
Research Manager
World Gold Council

The first exchange-traded gold option in China

China’s first exchange-traded gold future’s option was listed on 20th December 2019 on the Shanghai Futures Exchange (SHFE). While gold options already existed in China, these were traded over-the-counter (OTC) on the OTC market platform at the Shanghai Gold Exchange (SGE) and linked to physical gold products.