01 May 2021The World Gold Council (WGC) has released its latest Q1 Gold Demand Trends report which indicates that Q1 gold demand this year was haigher than in Q4 last year, but comfortably below that of the same quarter a year ago.. There are positives and negatives to be gleaned from closer analysis of the WGC's findings.
28 April 2021The latest gold export data from Switzerland for March keeps India as being by far the largest recipient with an amount equivalent to around 20% of global new mined gold output for this one country alone,
23 April 2021After almost hitting the $1.800 an ounce psychological level, gold was pegged back a few dollars, but now seems to be consolidating in the $1.770s and 80s, which suggests another tilt at $1,800 sooner rather than later.
13 April 2021After a negative start in Asian and European trade, new inflation data served to awaken the gold price and give it the impetus to take another run at the $1,750 price level.
10 April 2021In a week which saw a good recovery in the gold price, Canadian specialist economic consultancy, Murenbeeld & Co, updated their quarterlty gold forecast putting the Q4 average gold price at $1,865 an ounce,
03 April 2021After a torrid start to the week whch saw all precious metals prices sharply lower. the second half of the week saw a substantial price recovery set in. Prices remain volatile, but that does suggest a dgree of resilience at the lower price levels.
30 March 2021The current week opened with precious metals prices marked down sharply in all global markets. It remains to be seen whether this trend will continue throughout the week
26 March 2021After recording a small fall in gold reserves in January, Russia has announced no change for February. It holds world's fifth largest reported national gold reserve. We still think it may expand this given the improvement in the oil price.
25 March 2021The latest figures out of Switzerland on that country's gold exports see imports just about back to normal in respect of nations from which the gold originates, while India is far and away the largest destination for Swiss re-refined gold.
19 March 2021Last year the volume of central bank gold purchases diminished sharply but the WGC still sees net purchases in 2021 with some countries, including Poland indicating plans to add to reserves . We suspect Russia could resume gold buying too.
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