The Global Experts on Gold

Gold ETFs booked their first annual inflow in four years, and in December recorded US$778mn in inflows, due to increased demand in Asia and Europe. Global gold ETF inflows pushed total AUM to a record high US$271bn, while holdings remained relatively unchanged.

Gold gave back less than expected in December given a strong dollar and profit-taking, as a positive outlook and higher risk constrained outflows. Looking forward to January, uncertainty in bond markets is likely to fuel interest in gold, however technical signals pose a near-term headwind for gold.

Gold is poised for its best annual performance in more than a decade – up 28% through November. Behind this, central bank and investor buying have more than offset a notable deceleration in consumer demand.

Data on sectors of gold demand, supply, productions costs and futures market positioning

Benchmark gold prices, gold futures curves and local price premium/discount

Returns, volatility, correlations and trading volumes for gold, bonds, equities and other major asset classes

Data on central bank gold holdings, sales and purchases, as well as insights from annual surveys into central bank attitudes towards gold.