Urban Indians look forward to a golden Diwali this year
India’s gold market in August: imports hit five-month high as retail demand strengthened
Explore India's gold market last month - the domestic gold price, retail demand, import data and more!
China’s gold market in August: inflows into gold ETFs continued and wholesale physical gold demand rebounded
Explore China's gold market in August. We cover the Shanghai Gold Benchmark Price PM, wholesale physical gold demand, gold ETF inflows, impacts of the rise in COVID-19 cases and more.
AISC up 10% year-on-year in Q2’21
Global average All-in Sustaining Costs (AISC) in the gold mining industry increased by 10% y-o-y in Q2’21, reaching US$1,067/oz. This was also the third consecutive quarter in which AISC has risen. This cost inflation is being driven by several factors, both at the mine site and at the macroeconomic level.
Gold, healthcare and SDG 3
It’s not just the miners that are having a positive impact on SDG 3, gold itself is a critical material in the healthcare sector. It is used in a large number of diagnostic tools, and is of increasing interest to companies developing innovative new ways to treat disease. These applications often go unnoticed, but are an important part of gold’s story.
Gold ETFs reverse course in August driven by North American outflows
Gold-backed ETFs (gold ETFs) experienced net outflows in August of 22.4 tonnes (t) (-US$1.3bn, -0.6% AUM), as North American outflows outweighed inflows into European and Asian funds. Gold faced headwinds early in August as the dollar briefly strengthened and rising Treasury yields weighed on investment flows, triggering momentum selling shortly thereafter. Gold prices recovered late in the month, but it did not spur sufficient offsetting inflows, as global holdings fell to 3,611t (US$211bn) – the lowest tonnage level since May.
Podcast: chatting with Dig Deep on all things gold
India’s gold market in July: imports rebound as retail demand improves with easing of lockdown restrictions
Retail demand was mixed in June: moderate strength in the first half of the month was followed by a softening of demand in the second half due to an absence of wedding dates. Official imports rebounded with easing of lockdown restrictions and the local market flipped back to discount as demand softened from mid-July onwards
