Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

] Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months. Gold in USD – 1 week (GoldCore.com) Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs … Read more

Gold In Japan Reaches Highest Since 1980 – Surging Demand Results In Delays To Buy Gold

Value of gold stored by Irish metals broker GoldCore surges past €100m

] ◆ Gold has reached its highest price in Japanese yen since 1980 at 165,045/oz (see charts below) as the yen depreciates amid “global economy jitters” ◆ A surge in demand in Japan is resulting in gold buyers needing to wait “2-3 hours to close deals” on gold bars according to Japan’s largest gold broker … Read more

Gold ETF and Central Bank Gold Buying Supports Gold Demand In Q3

Gold ETF and Central Bank Gold Buying Supports Gold Demand In Q3

] Gold demand grew modestly to 1,107.9 tonnes (t) in Q3 thanks to the largest ETF inflows since Q1 2016 ◆ A surge in ETF inflows (258t) outweighed weakness elsewhere in the market to nudge gold demand 3% higher in Q3 ◆ Global central bank buying remained healthy but significantly lower than the record levels … Read more

Demand For Gold Coins and Bars At Perth Mint Surge To 3 Year High

Demand For Gold Coins and Bars At Perth Mint Surge To 3 Year High

(Demand For Gold Coins and Bars) Silver sales rose 32.5% from November and surged 97% from a year ago Source: Perth Mint of Western Australia by Reuters via Nasdaq.com The Perth Mint’s gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said. … Read more

Gold Jewellery Demand In China To Fall On Virus; HNW and Institutional Gold Demand May Increase

Gold Jewellery Demand In China To Fall On Virus; HNW and Institutional Gold Demand May Increase

] ◆ Sales of gold jewelry in China are set to plummet this year as the economic damage from the deadly coronavirus crisis widens ◆ People not “in mood” to shop for jewelry says China Gold Association ◆ Luk Fook shortens business hours at stores to curb infections ◆ Editors note: China’s gold jewelry demand … Read more

Silver Prices To Gain Due To Expanded Industrial and Investment Demand for ETFs, Coins and Large Bars

Silver Prices To Gain Due To Expanded Industrial and Investment Demand for ETFs, Coins and Large Bars

] Source: Silverprice.org Macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to remain buyers of silver, a development that should lift silver prices higher this year, according to officials of the Silver Institute.The Institute provides the following insights on 2020 silver market trends. Silver Demand The Silver Institute foresees a … Read more

Gold Surges 6% On Large Bar Shortage, Massive Demand and Unlimited Currency Creation

Gold Surges 6% On Large Bar Shortage, Massive Demand and Unlimited Currency Creation

] ◆ GoldCore remains open for business. Stocks of coins and bars have been depleted globally due to massive demand. We are buying coins and bars from clients and we are continuing to buy and sell gold and silver certificates. We are selling coins and bars when we receive stock from clients or directly from … Read more

Global Silver Investment Demand To Surge While Supply Weak (World Silver Survey 2020) 

Global Silver Investment Demand To Surge While Supply Weak (World Silver Survey 2020) 

] Source: Silverprice.org ◆ WORLD SILVER SURVEY 2020 from the SILVER INSTITUTE GLOBAL SILVER DEMAND EDGED HIGHER IN 2019, WITH INVESTMENT DEMAND UP 12%, WHILE SILVER MINE SUPPLY FELL FOR THE FOURTH CONSECUTIVE YEAR Global silver demand was pushed higher in 2019, with a 12 percent increase in investment demand as retail and institutional investors … Read more

ETF Gold Demand Soars while Consumer Demand Slows

ETF Gold Demand Soars while Consumer Demand Slows

] ETF gold demand from investors has soared over the past year. The unprecedented fiscal and monetary stimulus were rolled out to tackle the effects of Covid -19. However, consumer demand, particularly but not surprisingly, jewellery demand slumped. What’s in store for gold demand fundamentals for 2021? Increased consumer demand in China and India will … Read more

Demand for Gold Surges in China

Demand for Gold Surges in China

] News reports flooded the precious metals news websites that China has drastically increased its quota on how much gold that nation’s banks can import. “China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold … Read more