India’s gold market in October: retail demand strengthened and imports remained flat
Retail demand strengthened in the month with festival and wedding purchases. Official imports were flat m-o-m as stocks remained ample and the average local market premium traded at flat
Asia evolves: what's next for the world's center of gravity?
On November 9th the World Gold Council held an EVOLVE Investment Summit in Singapore. Our series of EVOLVE conferences explore the trends and issues shaping the future of finance. What happens in Asia is hugely significant for the gold market. India and China are the largest gold consuming markets, and other markets in the region including Singapore, Hong Kong and Japan are major trading centres for gold. In a post for goldhub, Dr Parag Khanna, one of this year’s keynote speakers, writes about the shifting economic centre of gravity and Asia’s role in the global economy.
China’s gold market in October: Chinese gold ETF tonnage holdings set a new record
After five consecutive monthly inflows, collective holdings in Chinese gold ETFs reached 74t (US$4bn, RMB27bn) at the end of October, the highest AUM on record in tonnage terms. We cover this and more in our monthly blog on China's gold market.
Outflows from Gold ETFs Accelerate in October Led by North America and Europe
Gold-backed ETFs (gold ETFs) experienced net outflows of 25.5 tonnes (t) (-US$1.4bn, -0.7% AUM) in October. Outflows of near equal magnitude from Europe and North America were marginally offset by inflows in Asia.
Gold’s dual nature came to the fore in Q3
Our latest Gold Demand Trends report takes a detailed look at the global gold market in the third quarter. The fact that gold demand so far this year is down 9%, while the average gold price over the same period was 4% higher, exemplifies gold’s diversification benefits, thanks to its varied roles as an investment, consumer good and a reserve asset.
India’s gold market in September: imports declined as retail demand softened marginally
Explore India's gold market in September: gold prices, retail demand, RBI purchases and more!
A Central Banker's Perspective: the role of gold in Uzbekistan
China’s gold market in September: higher gold demand, higher local gold price spread
Gold prices fell in September. The LBMA Gold Price AM in USD and the Shanghai Gold Benchmark Price (PM) in CNY declined by 4.6% and 4.3% respectively last month. The rising interest rate, outflows from global gold ETFs, and a stronger dollar all contributed to gold price weaknesses in September.
