Research library

Gold benefits from diverse sources of demand: as an investment, a reserve asset, jewellery, and a technology component. It is highly liquid, no one’s liability, carries no credit risk, and is scarce, historically preserving its value over time.

Gold may face similar dynamics in 2022 than those from last year as competing forces support and curtail its performance. 

The shift to risker and less liquid assets strengthens the case for an allocation to gold, given its unique combination as a highly liquid, low-volatility asset.

With very little mining and modest levels of recycling, India is heavily reliant on bullion imports to meet its domestic demand. Indian official imports have continued to grow despite high import duty with official imports averaging 760t over the last decade.

Gold rose 2% in November based on the LBMA reference price, rallying early in the month before giving up most of those gains in the following weeks.

This report provides quantitative insights into how large-scale mining (LSM), and specifically mines operated by World Gold Council (WGC) member companies, contributes to economic advancement and improves livelihoods at a global, national and local community level.

Together with our partners at OMFIF, we have written a report on the development of central bank digital currencies (CBDCs) and the implications for the gold market. 

Gold rose slightly in October, despite a risk-on environment and increases in short-term bond yields