Gold Market Structure and Trends

This document comments in detail on the consultation launched by the Basel Committee on Banking Supervision (BCBS) on the International Framework for Liquidity Risk Measurement Standards and Monitoring, on December 17, 2009. This document specifically addresses the omission of gold from the proposed definition of a high quality asset in the 30 day liquidity coverage ratio and the 50% required stable funding factor applied in the net stable funding ratio

This report explores the outlook for gold demand and supply in China. The Chinese economic growth story is common knowledge; however what is new here, is the clarification of the impact of China’s GDP growth trajectory on the outlook for the Chinese gold market.