Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold market in June: retail demand improved as lockdowns eased
Andrew Naylor
Head of Middle East and Public Policy World Gold CouncilPodcast: The strategic role of gold, drivers of value and the impact of the Basel III changes
Listen to the latest episode of Investment Magazine's Market Narratives podcast, exploring the impact of the Basel III changes on gold, global investment trends and the role of gold as a strategic asset.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in June: Chinese gold ETF holdings rose despite a fall in the gold price
International gold prices fell steeply in June. The weakness in the gold price can be largely attributed to the more-hawkish-than-expected monetary-tightening signals from the US Federal Reserve’s meeting on 18 June. But the decline in the RMB gold price was narrower than that of the USD gold price, thanks to a 1.6% depreciation in the CNY against the dollar last month.
Hannah Brandstaetter
ESG Programme Director World Gold CouncilDiscussing ESG priorities with the US investor community
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilChanging ECB strategy could be supportive for European gold investment
In a move which brings it closer in line with the US approach, the European Central Bank (ECB) has decided to adopt the tolerance for inflation overshooting its target. What does this mean for European investors, who have been watching the wrangling within the ECB over the direction of monetary policy for months now?
World Gold Council
The experts on goldStrategic Edge Video Series: Bob Haber of Proficio Capital Partners
John Reade
Senior Market Strategist, Europe and Asia World Gold CouncilWatch: Spotlight on Alternatives webinar
Adam Webb
Former Director of Mine Supply Metals FocusGold mining costs continue rising in Q1'21
Costs in the gold mining industry increased for the second consecutive quarter in Q1’21, with the global average All-in Sustaining Cost (AISC) up by 5% q-o-q to US$1,048/oz, reaching its highest level since Q2’13.
Ray Jia
Research Head, China World Gold CouncilDrivers of the sharp fall in the Shanghai-London gold price spread in June and outlook
The Shanghai-London gold price spread again turned negative in June after being positive since early 2021, falling to -US$6.7/oz on 2 June and remaining negative most days during the month.
Hannah Brandstaetter
ESG Programme Director World Gold CouncilS&P Global webinar: Corporate Sustainability Assessment
Last month, we held a webinar with S&P Global and our Members at which S&P presented their Corporate Sustainability Assessment (CSA). Many of our Members already submit the CSA and this was an opportunity to review industry data from past assessments and discuss how elements of the RGMPs could potentially be incorporated into their methodology going forward.
World Gold Council
The experts on goldStrategic Edge Video Series: Alasdair McKinnon of The Scottish Investment Trust
Adam Perlaky
Former Senior Analyst, Americas World Gold CouncilSharp gold selloff, but bullish activity could suggest a bottom
Gold’s price has dropped by almost 7% since the end of May. Most of the move can be attributed to an increase in interest rates following last week’s US Federal Reserve (Fed) FOMC meeting. Gold’s reaction is not surprising given that it has experienced higher sensitivity to interest rates over the past year
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold market in May: retail demand collapsed amid COVID-induced lockdowns
Summary
- The domestic gold price ended 5.1% higher in May at Rs48,993/10g
- Retail demand collapsed amid COVID-induced lockdowns in the country
- Indian official imports slowed and the local market flipped to discount
- Monthly inflows into gold ETFs slowed as higher returns lured investors towards the equity market. Total holdings for Indian gold-backed ETFs (gold ETFs) reached 33.2t by the end of May; a net inflow of 0.1t (Rs2.9 bn; US$39mn)
- The Reserve Bank of India (RBI) added 0.9t of gold to its reserves in the month increasing its total gold reserves to 696.2t.
World Gold Council
The experts on goldStrategic Edge Video Series: Celia Dallas of Cambridge Associates
Celia Dallas, Chief Investment Strategist at Cambridge Associates, is the latest industry expert to join us for our Strategic Edge Video series. In a dynamic discussion with our Head of Americas, Joe Cavatoni, she shares incisive and timely insights.
Shaokai Fan
Head of Asia Pacific (ex China) & Global Head of Central Banks World Gold CouncilCentral bank gold buying gathers steam
As Krishan Gopaul’s blog post last week pointed out, central banks have been buying gold during the first four months of 2021. Over that period, we estimate that the official sector has added 150-200 tonnes of gold.
Qixiu Tay
Former Manager, Central Banks & Public Policy World Gold CouncilIntroducing our Central Bank Dashboard
The World Gold Council is launching the Central Bank Dashboard, an innovative web-based tool that allows the comparison of central bank gold reserve holdings across regions, income levels, foreign exchange arrangement and other qualitative and quantitative indicators.
The Central Bank Dashboard provides users with the flexibility to visualise trends in gold and foreign exchange reserve holdings across a multitude of vantage points.
Andrew Naylor
Head of Middle East and Public Policy World Gold CouncilBasel III and the Gold Market
As Basel III comes into force, we look at the impact of the Net Stable Funding Ratio (NSFR) on the gold market.
There has been much debate about the implications of Basel III on the bullion industry. What is clear is that the under the current rules the cost to banks of holding gold on balance sheet will increase – the NSFR requires 85% of required stable funding.