Adam Perlaky
Former Senior Analyst, Americas World Gold CouncilCOMEX net longs near all-time highs as gold is at all-time highs in many currencies
Gold was higher by 4% last week (XAU +3.9%, LBMA +3.9%), as US/China trade negotiations hit a snag, the US dollar fell, and rates continued to fall. Gold prices are at all-time highs in over 20 countries, having rallied 8% in the past month and 17% this year in US dollars.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilBrexit boost for UK gold-backed ETFs
The inhabitants of the UK are surrounded. There’s no escape. Brexit is everywhere you turn. News broadcasts, front pages, dinner conversations, everywhere. Over three years (and counting) since the result, Brexit uncertainty remains a persistent part of the UK way of life and at the forefront of investors’ minds.
Juan Carlos Artigas
Global Head of Research World Gold CouncilVideo: Mid Year Outlook - Economic trends and their impact on gold
Looking ahead we expect two macroeconomic trends to play a key role; financial market uncertainty and accommodative monetary policy will likely support gold investment demand.
Ray Jia
Research Head, China World Gold CouncilShanghai Gold Benchmark price hit record high in June
Summary
- Shanghai Gold Benchmark price hit 319.2 yuan/gram – highest level since its introduction in April 2016
- Au(T+D)’s trading volume in June reached second highest level on record – 2,062t
- The local gold premium rose sharply
- Imports continued to slide in May, dropping to 69t
- Gold withdrawals from Shanghai Gold Exchange (SGE) fell again last month
- PBOC added a further 10t to its reserves in June
Alistair Hewitt
Former Head of Market Intelligence World Gold CouncilComing soon: monthly blog posts on India and China
We will soon be launching two regular blog posts– monthly updates on India and China by Mukesh and Ray, our analysts in Mumbai and Shanghai. These monthly posts will provide a snapshot of the health of these two global heavyweights, which together account for around half of annual global consumer demand.
Adam Perlaky
Former Senior Analyst, Americas World Gold CouncilGold rose over 4% last week, its largest move in over 3 years
Adam Perlaky
Former Senior Analyst, Americas World Gold CouncilGold OTC trading volume is 50% higher this month
With the recent rally, Gold trading volumes have increased significantly in June ($151bn vs ytd average of $115bn), particularly in the LMBA OTC market, which has seen averages increase 50% this month.
