China’s gold market in November: wholesale gold demand improves as the peak season for gold retail sales approaches
Higher prices and lower costs significantly raise miners’ margins in Q3’20
Despite a challenging year due to the COVID-19 pandemic, gold miners are now benefiting from significantly higher margins resulting from a continued focus on operational and cost efficiencies combined with a strong gold price.
Gold ETF outflows for the first time in a year
In November, gold-backed ETFs and similar products (gold ETFs) recorded their first net outflows in twelve months and second largest monthly outflows ever.
India’s gold market in October: Indian retail demand improved but still lower y-o-y
China’s gold market in October: higher jewellery retail sales, seasonally lower wholesale gold demand
Gold prices saw marginal declines in October. Even though the US presidential election and a significant rebound in COVID-19 infection cases in many regions kept uncertainty elevated globally, climbing real interest rates in key markets such as the US and China weighed on local gold prices. As a result, the SHAUPM (RMB) and LBMA Gold Price AM (USD) fell by 1.8% and 0.4% respectively in the month.
Global gold ETFs: A popular gateway to the gold market
Gold-backed exchange-traded funds and similar products (gold ETFs) have flourished since their introduction in 2003, attracting both institutional and retail investors across the globe. Recently, gold has become globally accepted as a strategic asset amidst a high-risk and low-rate environment spurring investment demand and the expansion of the gold-ETF market.
Gold loans help India weather the COVID-19 storm
Demand for gold loans, both through banks and non-banking financial companies (NBFCs) has grown in response to the economic impact of the COVID-19 pandemic.
Chinese commercial banks’ retail gold businesses in focus
China’s physical gold investment market has come a long way since its liberalisation in 2004. Primarily driven by the strong economy, retail physical gold investment demand in mainland China has surged by nearly 17 times in the past 16 years, accounting for nearly one third of the world’s total annual bar and coin demand in 2019.
