Kavita Chacko
Research Head, India World Gold CouncilIndia’s gold market update: demand takes a breather following festival rush
Gold rose to a new all-time high in mid-May before pulling back, likely on profit taking, to close the month at US$2,343/oz. This delivered a 1% monthly increase, adding to gains in March (9%) and April (5%).
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in May: gold ETFs continued to attract attention while consumption cooled
In May, China’s wholesale gold demand fell as gold jewellery consumption and bar and coin sales cooled. Meanwhile, the local central bank didn’t report any gold purchase during the month. But the bright spot came from the gold ETF market which extended the inflow streak to six months.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank gold buying picks up in April
The rapid rise in the gold price during March raised several questions. One of these was whether central banks – whose demand has been posited as a key reason for the recent rally – would change their gold buying behaviour in response.
