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be consistently the largest purcahser of gold for its foreign exchange reserves, bu since April 2020 it has pretty much withdrawn from this market and August was ne exception with no gold purchased yet again.
01 September 2021
Latest research from Melbourne-based precious metals consultancy, suggests that Australia.s new mined gold outpu in H1 2021 moved ahead of Chinese production, as according to figures from the China Gold Association.
22 August 2021
In the latest month, the Russian Central Bank reports the addition of 3.1 tonnes to its gold reserves. However we do not feel this represents a change in policy as earlier this year it had reported two instances where a simiilar amount of gold had been lwithdrawn from its reserves so it looks like this is just a replacement of gold utilised for some unexplained purpose,
05 August 2021
The latest gold withdrawals figures from the Shanghai Gold Exchange for July have come in sharply below the June figure, although still well above those for the same month in 2020. Thus Chinese gold demand looks like it hasn't recovered significantly yet and may still fall short of the 2019 full year total.
02 August 2021
Latest Swiss gold export figures continue to show relatively low levels of refined gold exports to India and China
08 July 2021
Latest withdrawal figures for the month of June from the Shanghai Gold Exchange continue to see month-on-month gains over 2020 figures, but for the first time this year have exceeded those for the same month in 2019 too suggesting that demand in the world's No.1 consumer is definitely picking up.
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