Adam Webb
Former Director of Mine Supply Metals FocusGold miners’ costs reached a record high in 2022 but dropped in the final quarter of the year
In 2022, average all-in sustaining costs (AISC) in the gold mining industry reached a record high, rising by 18% y/y to $1,276/oz. This was 14%, or US$160/oz, above the previous record set in 2012.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks show little sign of buyer fatigue in February
Central bank gold buying momentum showed no signs of stalling in February. Reported global gold reserves rose by 52t during the month – the eleventh consecutive month of net purchases – following January's 74t. 1 This excludes updated data for Russia (more on that below), but still maintains the upward trend (based on the 12-month moving average) since June 2022.
Louise Street
Senior Markets Analyst World Gold CouncilYou asked, we answered: the history, context and outlook for central bank gold buying
Record central bank gold buying last year shone a spotlight on the past, present and future of gold as a reserve asset. There are compelling reasons to expect continued buying from this sector
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in February: wholesale demand strong, gold reserves rose further
Gold prices weakened in February. There was a 5% decline in the LBMA Gold Price AM in USD during the month. Meanwhile, due to a 3% depreciation in the RMB against the dollar, the SHAUPM in RMB saw a smaller fall of 1%
World Gold Council
The experts on goldSuperannuation focus: Can gold slice through the inflation and potential stagflation headwinds?
As inflation continues to bite, the risk of stagflation has not disappeared. As a reaction, gold has been attracting attention from Australian investors due to its historical superior returns during such periods.
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold market in December: retail demand sluggish and imports tumbled
The international gold price shot up by 3% in December to US$1,812/oz, supported by expectations of a less-hawkish US Fed in the light of lower yields and dollar weakness.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in December: gold reserves rose further but wholesale demand remained weak
Intensifying expectations of a less-hawkish US Fed bode well for international gold prices during the last month of 2022. While the SHAUPM in RMB rose 1% in December, the LBMA Gold Price AM in USD capped a 3% gain.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in November: wholesale demand weakened, gold reserves rose
The divergence between the RMB and USD gold prices widened. The weakening US dollar and lowering yields helped pushed the LBMA Gold Price AM in USD 7.4% higher in November, the best month since July 2020.
