Unearthed: Outlook for Gold in 2025
November sees outflows again
Global physically backed gold ETFs reported a net loss for the first time in six months, losing US$2.1bn in November. Europe led outflows while North America recorded its fifth consecutive monthly inflow - albeit a smaller one - and stood as the only region to report positive flows during the month.
Unearthed: Digging deep into China’s new economic stimulus package ft. Professor Hao Zhou
India’s gold market update: Festive buying holds ground in the face of high prices
Despite record-high prices Diwali gold demand was healthy, with strong sales driven by investment appeal. Indian gold ETFs continue to attract strong interest from investors, with October seeing the largest inflows on record. The Reserve Bank of India (RBI) has purchased 64t of gold to date this year, making it the second highest annual purchase on record. Uptick in gold imports in October.
China’s gold market in October: unseen price records bring unprecedented gold ETF inflows
The local gold price’s unprecedent surge and amplified equity market volatilities helped Chinese gold ETFs attract their largest monthly inflow eve. China’s wholesale gold demand continued to exhibit seasonal patterns, witnessing a mild fall m/m yet remaining well below the long- term average. The stabilizing gold price, seasonality and positive impact from various stimulus may bode well for gold consumption in coming months.
North America inflows go four-for-four
Global gold ETFs saw their sixth consecutive monthly inflow in October, adding US$4.3bn during the month. North America and Asia led global inflows while European remained the only region with outflows. October flipped y-t-d gold ETF demand to the positive territory (+18t) and pushed inflows during the first ten months of 2024 to US$4.7bn.
Gold247 Update: Creating the blueprint for digitalised gold
Here at the World Gold Council, we are working to ensure gold, which has been an integral part of financial systems for hundreds of years, continues to have an important role in the future.
Gold Demand Trends Q3 2024
Solid inflows into global gold ETFs in Q3 helped drive 5% y/y growth in total gold demand to a record 1,313t. This was reflected in the gold price, which reached a series of new record highs during the quarter. Jewellery demand weakened as a result, despite an uplift from India.
