Gold Focus: Items tagged with "gold price"
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Drivers behind the recent gold rally
Gold rallied nearly 4% in December, mainly in the second half of the month, and recently moved to an intraday high of US$1,613/oz as the US-Iran confrontation unfolded. We believe there are a few likely reasons for the move...Marking the centenary of the London reference price
While the gold market is a complex place, full of interesting dynamics and uses, nothing quite gets people's attention like the gold price.
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
Video: Mid Year Outlook - Gold-backed ETFs
Multiple drivers propelled gold investment in the first half of 2019. We expect this trend to continue in the second half of the year.