International Reserves after the Russia Sanctions: A Role for Gold?

Financial sanctions imposed on Russia and specifically steps taken by a group of countries, led by the United States, to freeze the foreign reserves of the Bank of Russia are widely touted as auguring important changes in the international monetary and financial system. In this paper Prof. Barry Eichengreen asks whether one of these effects will be to enhance the international monetary and reserve role of gold.

Gold Market Commentary

Gold fell 2% in October on rising bond yields and dollar strength, but it was positively impacted by higher breakeven inflation. But a weaker US dollar vs. euro and lower ETF outflows provided some support

Gold and climate change: Adaptation and resilience

‘Gold and Climate Change: The Energy Transition’ looks at gold mining’s energy transition and climate impacts over the next decade. This should provide investors and industry stakeholders with greater clarity around gold’s greenhouse gas emissions profile, the opportunities for the gold sector to decarbonise, and its potential pathway to net-zero, in line with Paris Agreement targets.

ETF holdings dwindle in November

Global gold ETFs registered their seventh consecutive month of net outflows in November. But outflows slowed to a relatively modest 33t (US$1.8bn), having also decelerated m-o-m in October (to -59t).

2022 Chinese gold jewellery market insights

The notable rebound in Q3 Chinese gold jewellery demand from the COVID-stricken Q2 and easing COVID restrictions paints a bright picture for the future. And our third annual gold jewellery retailer survey with China Gold News suggest that opportunities abound.

Gold Market Commentary

Gold posted a small gain in 2022; no mean feat given an unprecedented rise in rates and a strong US dollar. 2022 was a textbook example of gold’s stable and uncorrelated performance amid market turbulence.

Jewellery demand and trade: India gold market series

India, the world’s second-largest consumer of gold jewellery, has experienced rapid change over the last few years due to evolving demographics. Weddings and festivals remain the most important drivers of Indian gold jewellery demand: bridal jewellery alone accounts for at least half of the market share.  Over the long term, gold jewellery demand in India will be driven by developments in economic growth, income growth and wealth distribution, as well as the rate of urbanisation.