Posted By : Daniel Kiernan on November 15th, 2012
Location : gold
Global gold demand in Q3 2012 was 1,084.6 tonnes (t), down 11% from the record Q3 2011 figure of 1,223.5t. This dip in demand is in comparison with exceptional demand in Q3 last year. Gold demand remains resilient. Q3 2012 was above the five year quarterly average of 984.7t, according to the World Gold Council’s Gold Demand Trends Report.
In value terms gold demand was 14.0% lower year on year at $57.6bn and the average gold price of $1,652/oz was down 3% on the record average Q3 2011 price.
The key findings from the report are …
Posted By : Daniel Kiernan on August 16th, 2012
Location : gold
Global gold demand in Q2 2012 was 990.0 tonnes (t), down 7% from the 1,065.8t in Q2 2011 according to the World Gold Council’s Gold Demand Trends report. This dip in demand was partly due to the comparison with exceptional demand last year, and also reflects the challenging global economic climate. In this context, gold performed as expected, acting as both a store of value and a source of liquidity.
In value terms gold demand remained relatively stable year on year at US$51.2 billion, compared to US$51.6 billion in Q2 2011. During t…
Posted By : Daniel Kiernan on March 20th, 2012
Location : gold
Gold enjoyed another year in the headlines in 2011 and was high on the agendas of many professional investors as they sought to navigate stormy markets.
The eurozone crisis proved a stubborn and treacherously difficult obstacle to circumvent, and an unprecedented number of analysts and advisers were drawn to debating the benefits of holding gold at a time of such extraordinary turmoil.
Investors clearly appear to have agreed with those calling for greater allocations to gold in portfolios, as investment demand in 2011 pushed the va…
Posted By : Daniel Kiernan on April 8th, 2011
Location : gold
Gold has hit new record highs in the last two weeks, with the price driven higher by investors seeking protection from rampant inflation, unrest in the Middle East and uncertainty about the state of the economy.
Gold hit a peaked at £896 per ounce on Wednesday 6th April. Demand is being driven by investors of all sizes, from Hedge Funds to private individuals, looking to it’s properties as a secure store of wealth.
Many individual investors are looking to gold as an alternative to cash. With inflation at it’s highest level for 28…
Posted By : Daniel Kiernan on April 7th, 2011
Location : gold
The gold price has reached a new high of $1,457, an increase of more $16.Investors have once again turned to the perceived safe-haven of gold in times of macroeconomic and geopolitical uncertainty. Investor demand has pushed the gold price to a new record high of $1,457 per ounce, $16 more than the previous high set on March 24.
“Gold hit a new all-time high today as investors once again turned to assets with strong wealth preserving and diversification characteristics and relatively low volatility,” said Marcus Grubb, Mana…
Posted By : Daniel Kiernan on March 3rd, 2011
Location : gold
Profit taking brought gold down a peg or two early morning in Europe today, but yesterday, at one time, the yellow metal hit a new record spot price of just over $1440 an ounce and, then, seemed poised to move on to the $1450s. However, strong gold price surges are almost inevitably followed by a contrary reaction and the latest one has not been an exception in this respect.
The fallback was probably initially prompted by reports of a possible peace deal in Libya, brokered by Venezuela of all countries, which caused the oil price in…
Posted By : Daniel Kiernan on February 17th, 2011
Location : gold
Investors are snapping up physical gold bars in a battle to beat rocketing inflation, convincing a major UK pension provider to add a dedicated bullion buying service to its SIPP.
Inflation figures show UK consumer prices are rising at 4% a year in January due to the VAT hike, oil and food costs.
It which means investors need to find returns of 6.5% a year before tax and charges to keep pace,
Alistair Hardie, of Standard Life, says savers have responded by turning to the classic ‘safe haven’ of gold – which has historically retaine…
Posted By : Daniel Kiernan on February 13th, 2011
Location : gold
Industry experts believe high gold prices do not indicate a bubble in the asset class.
At a recent industry briefing, Marcus Grubb, managing director for investment at the World Gold Council, pointed to the cultural importance of gold as both a luxury purchase and an investment vehicle across Asia, particularly India and China, as a key driver of continued price increases over the coming years.
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