India gold market update: Festive prep begins
As the festive and wedding season approaches, there are signs that gold jewellery demand is gaining momentum, and with investment interest holding firm, overall gold demand could receive a boost.
Weekly Markets Monitor: Pressure on at Jackson Hole
Last week was data-heavy: while the US showed mixed economic signals, there were signs of slowing activity in China.
China gold market update: Official holdings rose in July
China’s official gold reserves rose further in July, the ninth consecutive monthly purchase. Wholesale gold demand saw a modest m/m seasonal rise in July, yet they remained below the long-term average. Gold ETF flows flipped negative and gold futures’ volumes cooled.
Weekly Markets Monitor: Gold in the crosshairs
Last week saw new tariffs announced and higher tariffs take effect. Central banks in the UK and India made cautious, diverging policy moves.
US and Europe anchor July inflows
Global physically backed gold ETFs saw continued inflows, adding US$3.2bn in July, mainly from North America and Europe. Continued inflows and a higher gold price pushed global gold ETFs’ total AUM 1% higher to US$386bn whilst holdings rose by 23t to 3,639t.
US Gold Demand Trends Q2 2025
Weekly Markets Monitor: Policy bear not hibernating
Trade deals and tariffs, coupled with weak US labour market data, dominated sentiment last week, while both the Fed and Bank of Japan held rates steady as they monitor the impact of tariffs on prices.
