Featured Report
Gold, in Australian dollars (AUD), delivered positive returns in 2022 and this has continued so far in 2023. It has attracted attention: not only have global central banks continued to buy gold, but Australia’s sovereign wealth fund has also added gold to its portfolio.
Gold is an attractive means of helping investors diversify their portfolios. Its relative scarcity supports its long-term investment appeal. But its market size is large enough to make it relevant for a wide variety of investors, from individuals to institutions and central banks.
Gold is a precious metal that has been used in many sectors around the world, from ancient history to the present day. Demand for physical gold is ever increasing due to its attributes: it is a global currency and convertible everywhere, it is incapable of being spoiled, it is recyclable, does not corrode, and has high conductibility.
The notable rebound in Q3 Chinese gold jewellery demand from the COVID-stricken Q2 and easing COVID restrictions paints a bright picture for the future. And our third annual gold jewellery retailer survey with China Gold News suggest that opportunities abound.
The global economy is at an inflection point after being hit by various shocks over the past year. The biggest was induced by central banks as they stepped up their aggressive fight against inflation.
Global gold ETFs saw a net outflow of 59t (US$3bn) in October, the sixth straight month of declines in holdings. In October, y-t-d changes in gold ETF holdings turned negative for the first time in 2022, now 1% lower on the year
Financial sanctions imposed on Russia and specifically steps taken by a group of countries, led by the United States, to freeze the foreign reserves of the Bank of Russia are widely touted as auguring important changes in the international monetary and financial system. In this paper Prof. Barry Eichengreen asks whether one of these effects will be to enhance the international monetary and reserve role of gold.
Global gold ETFs posted their fifth consecutive month of net outflows in September as holdings dropped by a further 95t (US$5bn). This is also the largest monthly outflow since March 2021 (107t).
To better understand how investors are navigating this complex landscape, we partnered with Coalition Greenwich. They interviewed over 400 key decision makers at global investment institutions on their portfolio allocations and views on markets and gold.
India’s gold market is steeped in tradition and still highly fragmented. However, over the last few years the industry has become more organised and regulated.