gold demand
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Gold as a Strategic Asset
(Read More)The World Gold Council has recently posted its analysis of the continued relevance of gold. As one might expect from the source, the WGC finds that gold is a strategic asset that can play several valuable roles in a portfolio . . . .
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Chinese Gold Consumption Rose 9.4 Percent In 2017
(Read More)Despite the headwinds of rising interest rates, gold was the best performing metal this week, although down slightly by 1.24 percent. Gold traders are bullish for the fourth week in a row after the yellow metal posted its biggest monthly advance in five months in January, according to Bloomberg’s weekly survey . . . .
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Gold Settles Higher, Then Falls as Dollar Edges Up After Fed Statement
(Read More)Gold futures settled modestly higher Wednesday, helped by a slightly weaker dollar index even as stocks reclaimed a portion of the sharp declines that marked the start to the week . . . .
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Gold for Christmas – Gold’s Importance in Religion
(Read More)Gold and Religion have always been symbolically linked in countless civilizations from antiquity to the present day. From religious artwork to religious symbolism, gold is unique among metals in being central to many of the world’s religions, and gold has long been associated with the divine sphere . . . .
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Gold Purchases by World Central Banks Rose 25% in Q3 2017
(Read More)The Central Bank of Russia added 63 tonnes to its gold reserves during Q3. Year-to-date, the Russian Central Bank has increased its holdings by 164 tonnes . . . .
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Russia Buying Gold at Record Pace, Unlikely to Lose Momentum
(Read More)Russia has been expanding its gold reserves at a record pace, according to information from the World Gold Council (WGC). Russian business newspaper Kommersant suggests this gold rush will give Russia guarantees against sanctions and economic and geopolitical risks . . . .
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Indian gold imports heading for 900 tonnes in 2017 – maybe
(Read More)As we’ve noted in our just published article on the Shanghai Gold Exchange’s October figures, Asian gold demand this year to date is definitely trending higher . . . .
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When central banks are buying gold, should we just sit & watch?
(Read More)Central banks are hoarding gold. China, Russia and many Asian and West Asian central banks have started accumulating gold. Now that the fashion of hoarding gold is back, let us see the fundamental reasons behind it . . . .
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Chinese gold demand up over 15% YTD
(Read More)Perhaps the biggest unknown in assessing global gold consumption in this, or any, year is the true level of Chinese gold consumption . . . .
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The World Is Running out of Gold Mines
(Read More)My good friend Pierre Lassonde, cofounder and chairman of Franco-Nevada, doesn’t know how we’ll replace the massive gold deposits of the past 130 years or so. Speaking with the German financial newspaper Finanz und Wirtschaft this month, Pierre says we’re seeing a significant slowdown in the number of large deposits being discovered . . . .