Gold Cost Drivers: A Veritable Pick and Mix
In Q2’24, dare it be written, All-In Sustaining Costs (AISC) rose again, creeping up by 1% q/q, or a more substantial 6% y/y to US$1,388/oz.
India’s gold market update: Anticipating a festive boost
The surge in demand from the import duty cut was tempered by fresh record-high prices and an inauspicious period in September according to the Hindu calendar. Domestic gold prices are currently at a slight discount over landed cost1 amid normalising demand. However, signs of festive buying are beginning to emerge. With an addition of 54.7t y-t-d,2 the Reserve Bank of India’s (RBI) gold reserves have grown by 7%. Increased interest in Indian gold ETFs; inflow momentum remains strong. Gold imports see moderation in imports after August surge.
China’s gold market in September: demand rebounds seasonally, further strength may lie ahead
Unearthed: Gold Prices Respond to U.S. Unemployment and Rate Cut Cycle
North America dominates inflows
Global physically backed gold ETFs saw their fifth consecutive monthly inflow in September, attracting US$1.4bn. Inflows were concentrated in North America during the month while Europe was the only region that experienced outflows, albeit only mildly. Continuous inflows in recent months trimmed y-t-d outflows of global gold ETFs’ to flip positive to $389mn. It is worth noting that Europe is the only remaining region with y-t-d outflows.
Unearthed: Refining, Minting and More ft. Lorne Whitmore, Royal Canadian Mint
In this episode, hosts John Reade and Joe Cavatoni from the World Gold Council interview Lorne Whitmore, Managing Director Sales, Precious Metal Products and Services, Royal Canadian Mint, to discuss the comprehensive products and services that the Royal Canadian Mint provides across mining and refining, minting and vaulting.
Unearthed: How Rate Cuts and Policy Decisions Will Impact Gold Markets
Unearthed: Gold Nanoparticles Under the Microscope ft. Dr. Laura Fabris
In this episode, hosts John Reade and Joe Cavatoni speak with Dr. Laura Fabris about the fascinating world of gold nanoparticles.
