All-time highs for #gold – a thread
Gold hit a new all-time high this morning, posting
China’s gold market in June: demand stabilised; gold ETF market expanded
Online gold market in India
India has embraced online retailing across different categories. Digital and social activity plays an increasingly important part in the purchase journey for gold.
Gold at $1800/oz: a short thread.
What does China’s economic revival mean for gold?
Gold demand in China, in particular, investment demand, has benefited from rising concerns for the economy as well as the lowered opportunity cost amid the COVID-19 outbreak and the central bank’s response to it. But with signs of a potential economic recovery emerging, can we expect gold’s attractiveness as a safe haven in China to fade? We believe that the answer is ‘No’.
Gold ETFs close H1 with record US$40bn of net inflows
Gold-backed ETFs (gold ETFs) recorded their seventh consecutive month of positive flows, adding 104 tonnes (t) in June – equivalent to US$5.6bn or 2.7% of assets under management (AUM) – taking global holdings to new all-time highs of 3,621t. This brings H1 global net inflows to 734t (US$39.5bn), significantly above the highest level of annual inflows, both in tonnage terms (646t in 2009) and US-dollar value (US$23bn in 2016).
