Ever upwards for AISC, but distinct regional variations are emerging
When considering the factors driving up gold miners’ All-in sustaining costs (AISC), Q3’24 was a busy period. AISC rose to US$1,456/oz (up 4% q/q and 9% y/y), the highest point in our data series back to Q1’10.
US leads multiyear record inflows
Global physically-backed gold ETFs reported their third consecutive month of inflows in February, totaling US$9.4bn, the strongest since March 2022. North American flows flipped positive, recording one of its strongest months on record. European inflows narrowed, while Asia registered strong demand. The total assets under management (AUM) rose to US$306bn, another month-end peak.
You asked, we answered: Is the threat of US tariffs moving the gold market?
Buying gold online? Here's what to know
With our latest Gold Demand Trends report citing that total annual gold investment grew 25% in 2024, many investors are exploring what gold ownership entails and whether their investment should be actively or passively managed.
Unearthed: U.S. Politics, Economics, and Gold Markets: A Look Ahead, ft Robert Armstrong
India gold market update: Record high prices, accompanied by investment interest
China's gold market update: Central bank purchases continue in January
Gold began 2025 with vigour: the LBMA Gold Price PM and the Shanghai Gold Benchmark Price PM both saw their strongest January in years, rising by 8% and 5% respectively.
Physically-backed gold ETFs do not lend their gold
Traders and speculators often borrow shares of such a gold-backed ETF through standard securities lending relationships, which involve the ETF’s shareholders, and do not involve the London gold lease market, or the trust, itself.
