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  • Goldhub
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  • June 2023

    • Insights: Posts from June 2023

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    Krishan Gopaul

    Senior Analyst, EMEA World Gold Council

    The evolving picture of global gold production

    Annual gold production rank in 2022 was unchanged y/y amongst the five largest gold producing nations, with China still the world's largest gold producer. Extending this to the top 20 countries, things look very different compared to 2010. But, more broadly, global gold mine production remains geographically diverse.

     Blog Posted 1 year 6 months ago

    Ray Jia

    Research Head, China World Gold Council

    China’s gold market in May: gold reserves saw the seventh consecutive rise but wholesale demand weakened

    Gold prices failed to extend the momentum of the previous month. Factors such as a strong dollar and rising yields weighed on the USD gold price in the month. But due to a 3% depreciation in the local currency against the dollar, the SHAUPM in RMB strengthened.

     Blog Posted 1 year 6 months ago

    Krishan Gopaul

    Senior Analyst, EMEA World Gold Council

    Central bank demand flipped negative in April amid Turkish selling

    Central bank gold reserves declined by 71 tonnes in April, primarily due to Turkish selling. Despite this, we expect central banks to remain net buyers in 2023, supported by their overall positive sentiment towards gold reserves.

     Blog Posted 1 year 6 months ago
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