Featured Report
Gold recoils amid selloff but may rebound
Gold has fallen to a 20-month low amid sharp EM currency depreciation. At these levels, we believe the gold price may bounce back. Consumer demand is likely to be supportive in H2. And short positioning may quickly reverse should one of the many current macroeconomic risks materialise, increasing investment demand.
Gold mid-year outlook 2018
Gold rose by more than 4% in the first few months of 2018, only to finish June down by the same amount. Gold’s price momentum and investor positioning in derivatives markets accelerated this descent, but we believe that there may be reasons to be optimistic. Key macroeconomic trends developing in the second half of 2018 may spur investor demand and opportunistic buying.
Gold 2048: The next 30 years for gold
Gold 2048 brings together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years with key insights from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innovation Officer at Barrick Gold.
Investment Update: Using gold to hedge emerging market risk
Over the long run, economic growth is a key driver of gold demand, especially in emerging market countries where there is high affinity for gold as jewellery and investment. At the same time, gold tends to perform well in period of crisis.
Gold-backed ETFs
Since their introduction in 2003, gold-backed exchange-traded funds (ETFs) have transformed the gold investment market. Read our Gold-backed ETF primer for an overview of the history, features and benefits of gold-backed ETFs.
Gold prices
Price discovery is crucial for any market, and the gold market is no exception. Our gold prices primer gives a comprehensive overview of the LBMA Gold price – an important global benchmark – and looks at the mechanisms determining the local gold price in China and India, the two largest consumer gold markets.
Investment Update: Gold tracks the dollar as rates take a back seat
Investors often use the direction of the US dollar as a bellwether for gold’s performance. However, over recent years, short-term movements in gold have been more heavily influenced by US interest rates and expectations of policy normalisation.
Investment Update: Market selloff bolsters case for gold
On February 5th, stock markets suffered one of their more precipitous falls in recent years. The gold price rose but, as stocks partly retraced their losses, gold trended lower.
Enhancing the performance of alternatives with gold
In recent years, buy-and-hold investors such as pension funds, endowments, insurance companies, and sovereign wealth funds (SWFs) have gradually increased their investments in alternative assets to diversify their portfolios and boost returns. ‘Alternatives’ make up 23% of SWF portfolios and 24% of global pension funds, up from single digits in 2000.
Gold and alternative asset classes for Sovereign Wealth Funds - video
Natalie Dempster, Managing Director, Central Banks & Public Policy at the World Gold Council in conversation with Will Jackson-Moore, Global Private Equity & Sovereign Investment Fund Leader at PwC on gold and alternative asset classes for Sovereign Wealth Funds.
