Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold market in December: retail demand sluggish and imports tumbled
The international gold price shot up by 3% in December to US$1,812/oz, supported by expectations of a less-hawkish US Fed in the light of lower yields and dollar weakness.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in December: gold reserves rose further but wholesale demand remained weak
Intensifying expectations of a less-hawkish US Fed bode well for international gold prices during the last month of 2022. While the SHAUPM in RMB rose 1% in December, the LBMA Gold Price AM in USD capped a 3% gain.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in November: wholesale demand weakened, gold reserves rose
The divergence between the RMB and USD gold prices widened. The weakening US dollar and lowering yields helped pushed the LBMA Gold Price AM in USD 7.4% higher in November, the best month since July 2020.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks maintain their appetite for gold
Central banks continue to accumulate gold according to the latest data available. In October – data is lagged by two months – central banks added a further net 31t of gold to international reserves (-41% m-o-m).
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold market in October: festivals and weddings lifted retail demand
The domestic gold price diverged from the international gold price: the MCX Gold Spot price rose marginally by 0.2% compared to a 2% decline in the LBMA Gold Price AM in USD
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in October: seasonality and COVID disruptions weighed on wholesale gold demand
Gold’s price divergence continued: the Shanghai Gold Price Benchmark PM (SHAUPM) in RMB rose by 1%, while the LBMA Gold Price AM in USD saw a 2% fall in October.
Jeremy De Pessemier
Asset Allocation Strategist World Gold CouncilReflections on a remarkable few weeks for UK DB pension schemes
UK financial markets have gone into full-blown crisis in the last few weeks. The government’s ‘mini-budget’ announcement on the 23rd September was poorly received by global investors, leading to a sharp spike in UK government bond volatility.
Aliya Moldabekova
Deputy Chairman National Bank of the Republic of KazakhstanA Central Banker's Perspective: the role of gold in Kazakhstan
Gold plays an important role in the management of reserve assets, being one of the few assets that are widely approved under the investment guidelines used by the world's central banks.
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold market in September: retail demand healthy and outlook strong
Healthy retail demand in September drove the local price briefly into premium, but market dynamics generated a discount for much of the month. Indian gold ETFs witnessed a marginal net inflow of 0.4t in September as a domestic gold price correction enticed investors back into gold
Adam Webb
Former Director of Mine Supply Metals FocusRising energy prices push AISC to a record high in Q2’22
In Q2’22 costs in the gold mining industry continued rising. The average all-in sustaining cost (AISC) reached a new record high of US$1,289/oz, up 3% q/q and 18% y/y. The average industry AISC has now sequentially increased almost every quarter since Q2’20, rising by 33% over this period.