Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank demand still sizzling in August
Central banks collectively increased their gold reserves in August for the third consecutive month. They reported adding 77t to global official reserves during the month, a 38% up-tick from July’s buying. Recent buying has reinforced our confidence that the long-term trend of healthy central bank demand remains in place.
World Gold Council
The experts on goldWhen is a good time to buy gold in Australia?
Determining the value of gold can at times make potential investors hesitant. Unable to judge what the price might do, reduces confidence in making an informed decision. Recently, gold in Australian Dollars (AUD) reached its highest ever price and breached A$3,000. While dipping slightly by the end of the first half of 2023, when is the right time to buy, or even increase, a gold allocation into a portfolio?
Joseph Cavatoni
Senior Market Strategist, North America World Gold CouncilConfused about owning gold in an Individual Retirement Account? Don’t be, it’s easy if you do a little homework!
When I did my own independent, online research, I found that the information available on the web can be confusing and, in many ways, misleading if not downright inaccurate. This blog is a very simple and concise summary, for anyone interested in achieving the benefits of gold in their retirement account.
Ray Jia
Research Head, China World Gold CouncilThe Chinese gold premium: has the dust settled on the record surge?
China’s local gold price premium has rocketed to previously unseen levels, reaching US$121/oz on 14 September. And August’s US$41/oz monthly average already marked a record since the Shanghai Gold Exchange’s establishment in 2002.
Jeremy De Pessemier
Asset Allocation Strategist World Gold CouncilBonds en vogue, but gold never out of style
We’re delighted to contribute another thought-leader article published in Financial Investigator’s highly regarded magazine. In their September issue, we review the notion that whilst bonds may be en vogue, gold never goes out of style. The article supports our ongoing belief that gold has a key role to play as a strategic long-term investment and mainstay allocation within a well-diversified portfolio.
Ray Jia
Research Head, China World Gold CouncilThe time may be right for gold in Japanese investors’ portfolios
Expectations for the end of the BoJ’s negative policy rate intensified
The BoJ relaxed its yield curve control (YCC) program in late July. Governor Ueda’s first surprise move since taking the wheel: he effectively doubled the YCC’s upper limit to 1%, while keeping the policy rate unchanged at -0.1%. This led to surges in both the 10-year JGB yield and its volatility.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in August: demand improved on multiple fronts
Gold prices quoted in USD and RMB headed in different directions in August. Major factors including rising US Treasury yields and a strong dollar weighed on the international gold price in USD. But the Chinese currency weakness, which depreciated by 2% against the dollar in the month, led to a mild increase in the RMB gold price.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank gold buying remains hot in July
Having reported a return to net buying in June, the latest data shows global central banks continued to add to their gold reserves in July. Central banks reported healthy net purchases of 55t during the month.
World Gold Council
The experts on goldAustralian investors are de-risking: bonds en vogue, but gold never goes out of style
Amid economic uncertainty Australian investors have, so far this year, been reallocating to fixed income assets. Although currently attractive, persistent inflationary pressure can bring risks to both the growth outlook and return for these assets. Gold should be considered as a long-term strategic asset alongside bonds as it provides excellent returns in a wide range of economic scenarios.
Jeremy De Pessemier
Asset Allocation Strategist World Gold CouncilWhat are the implications for gold as yields converge?
A lot has been made of the convergence of yields for cash, bonds and equities (on an earnings yield basis), with the higher yield on offer in the cash space leading many investors to reassess their portfolio exposures.
John Reade
Senior Market Strategist, Europe and Asia World Gold CouncilA closer look at Turkish gold demand
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks return to net buying in June
Reported net purchases from central banks totalled 55t, the first month of sizeable global net buying since February.
As in recent months, activity from the Central Bank of Türkiye (CBRT) was pivotal to the global total.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in June: wholesale demand stable and gold reserves up
Despite June weakness, the LBMA Gold Price AM in USD and the Shanghai Gold Benchmark PM (SHAUPM) in RMB ended the first half of 2023 higher by 5% and 9% respectively – the depreciation of RMB against the dollar over the period contributed to the significant difference.
Adam Webb
Former Director of Mine Supply Metals FocusGold miners’ average AISC resumes rising trend in Q1’23 and reaches a new record high
Costs in the gold mining industry resumed their upward trajectory in the first quarter of this year. This followed a short-lived break in Q4’22, when gold miners’ average all-in sustaining costs (AISC) had fallen by 1% q/q. Prior to this, costs had risen for the past three consecutive quarters, stretching back to Q1’22.
Johan Palmberg
Senior Quantitative Analyst World Gold CouncilThe drivers behind gold’s June and H1 performance
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks remained net sellers in May but picture improves
Global central banks reported net sales of 27t in May, less than half the net sales seen in April. Excluding Türkiye’s sales, the trend in central bank buying is still in place.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilThe 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.