08 January 2022
Latest figures out of China's Shanghai Gold Exchange suggest that 2021 gold demand in that nation was the highest for three years. Taken together with strong demand in India too, the figiures are a definite positive for a continuing rise in global gold consumpgtion.
21 December 2021
The Russian 100,000 ounce addition to its gold reserves in October was reversed in November with a similarly sized withdrawal. Meanwhile it could be surreptitiously building its gold reserves through additions into it National Wealth Fund.
14 December 2021
The recent votolatility in Bitcoin, which has even seen BTC - the most traded cryptocurrency - fall by around 30% at one time and smaller cryptos like Dogecoin over 70% below its peak, demonstrate that cryptocuurencies are not reliable wealth preservers and waverers will likely return to gold as the ultimate safe haven as it has been from time immemorial
08 December 2021
The latest gold withdrawal figures from China's Shanghai Gold Exchange, point to an annual gold demand total exceeding 1,700 tonnes this year, the highest level since 2018.
23 November 2021
Latest figures from the Russian central bank show another increase in its gold reserves in October of 3.1 tonnes , a similar amount to that recorded also in July and September. However this amount is too small to yet know whether this represents a reversal in the bank's recent gold buying policy.
21 November 2021
The latest gold export figures for October released by the Swiss customs authorities, show that China has resumed its position as the No.1 importer of Swiss gold refinery output, followed by India and Hong Kong.
19 November 2021
The latest announced gold withdrawals figures from the SGE for October have come in as the highest since 2018 meaning the likely full year total will be the highest since then too/
22 October 2021
The Russian central bank has announced its latest gold reserve position and reports upping its reserve by an Insignifican 3.1 tonnes, but does this represent the true picture?
17 October 2021
The Shanghai Gold Exchange (SGE) has just announced its outwards gold statistics for September and these show that gold withdrawals from the Exchange, which we assess to be the best estimate of the nation's real gold demand, are already higher after nine-months than they were for the whole of 2020 and are trending higher than the 2019 pre-Covid figures.
21 September 2021
The Rigussian Central Bank i used to be consistently the largest purcahser of gold for its foreign exchange reserves, bu since April 2020 it has pretty much withdrawn from this market and August was ne exception with no gold purchased yet again.
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