Gold returns are competitive compared to major financial assets
Performance metrics for major global financial assets in US$*
Key gold market statistics
19 September, 2017
* 1-year and 10-year returns based on data ending 31 August 2017.
**BarCap US Credit includes both government and high grade corporate bonds.
Source: Bloomberg; World Gold Council
* Year-to-date (YTD) and 10-year correlations based on weekly returns ending 31 August 2017.
** BarCap US Credit includes both sovereign and corporate bonds.
Source: Bloomberg; World Gold Council
Gold has been inversely correlated to stocks and positively correlated to high quality bond performance so far this year
Weekly return correlation on key assets and gold in US$*
* Based on the LBMA Gold Price PM except for the Long US$ Gold Index that is based on the Solactive GLD® Long US$ Gold Index. The Index combines a long position in physical gold with a long position in a basket of currencies that include EUR (57.6%), JPY (13.6%) GBP (11.9%), CAD (9.1%), SEK (4.2%) and CHF (3.6%). For more details see: https://www.solactive.com/complex-indexing/?index=DE000SLA2K90.
** Year-to-date as of 31 August 2017.
Source: Bloomberg; ICE Benchmark Administration; Solactive AG; World Gold Council
Gold performance should be measured in more than one currency
Annual gold returns in various currencies*
Based on estimated 1-year average trading volumes as of 31 July 2017, except for currencies that correspond to 2016 volumes due to data availability.
** Gold liquidity includes estimates on over-the-counter (OTC) transactions, and published statistics on futures exchanges, and gold-backed exchange-traded products.
Source: BIS; Bloomberg; German Finance Agency; Japan Securities DealersAssociation; LBMA; UK Debt Management Office (DMO); World Gold Council
Gold trades more than many other major financial assets
Average daily trading volumes in US$*
* Estimated tonnage as of 30 June 2017. US-dollar values calculated usingYTD 2017 average LBMA Gold price of US$1,243/oz. Financial gold is defined asthe sum of official sector holdings, bars and coins, and ETPs**(72,973 tonnes, US$2.9bn, 38%).
**ETPs include gold-backed exchange traded funds (ETFs) and similar products.
Source: Bloomberg; GFMS, Thomson Reuters; ICE Benchmark Administration; Respective ETP Providers; World Gold Council
Financial gold accounts for more than a third of above ground gold stocks
Market size (in tonnes and US$ value) for various gold sectors*
* As of 31 August 2017 where available, otherwise most recent data published.
** Includes bars, coins, gold-backed exchange-traded products and official sector holdings.
Source: BIS; Bloomberg; GFMS, Thomson Reuters; ICE Benchmark Administration; World Gold Council
The size of financial physical gold is larger than many stock andbond markets
Market size of major global financial assets in US$*
