Weekly Markets Monitor
Weekly Markets Monitor: Tariffs Spare no Land
Weekly Markets Monitor
Weekly Markets Monitor: Gold claims US$3,000/oz
Sarah Tomlinson
Director of Mine Supply Metals FocusEver upwards for AISC, but distinct regional variations are emerging
When considering the factors driving up gold miners’ All-in sustaining costs (AISC), Q3’24 was a busy period. AISC rose to US$1,456/oz (up 4% q/q and 9% y/y), the highest point in our data series back to Q1’10.
Ray Jia
Research Head, China World Gold CouncilMarissa Salim
Senior Research Lead, APAC World Gold CouncilGold to keep lifting Australian portfolios in 2025
Taylor Burnette
Research Lead, Americas World Gold CouncilGold’s 2024 performance best in 14 years
Unearthed Podcast
World Gold CouncilUnearthed: Gold responds to the Fed's rate cut, US election and China stimulus
Johan Palmberg
Senior Quantitative Analyst World Gold CouncilLet's Tally the Rally
Delaying our Gold Market Commentary until after the possibly volatility-inducing US election, we instead take stock of some interesting statistics regarding October's and the year-to-date stellar run-up in gold prices.
Ray Jia
Research Head, China World Gold CouncilChina’s stimulus bazooka: what does it mean for gold demand?
Unearthed Podcast
World Gold CouncilUnearthed: How Rate Cuts and Policy Decisions Will Impact Gold Markets
Joseph Cavatoni
Senior Market Strategist, North America World Gold CouncilJohn Reade
Senior Market Strategist, Europe and Asia World Gold CouncilWhy bitcoin isn’t the new gold
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in July: wholesale demand remained weak while ETFs inflows continued
In July, China’s wholesale gold demand remained weak and the local gold price premium trended down further. However, gold ETFs saw their eighth consecutive monthly inflows, pushing the total assets under management and holdings to record highs. And China’s official gold holdings remained unchanged.
Kavita Chacko
Research Head, India World Gold CouncilIndia’s gold market update: demand takes a breather following festival rush
Gold rose to a new all-time high in mid-May before pulling back, likely on profit taking, to close the month at US$2,343/oz. This delivered a 1% monthly increase, adding to gains in March (9%) and April (5%).
Kavita Chacko
Research Head, India World Gold CouncilIndia’s gold market update: festival acts as a catalyst for demand
International and domestic gold prices moderated from the April peaks but ended the month with gains following the notable price rise of March. After a weak March and April, there was resurgence in gold demand around the Akshaya Tritiya festival. Domestic gold prices continue to trade at a discount in relation to the international prices, but the discounts have narrowed from a month ago. Meanwhile, the RBI added to its gold reserves in April and gold ETFs witnessed outflows for the first time in 12 months.
Sarah Tomlinson
Director of Mine Supply Metals FocusHigher gold price eases pressure on producer margins
In Q4’23 gold miners’ global average all-in sustaining costs (AISC) rose again, up 2% q/q to US$1,342/oz as persistent cost inflation and a tight labour market continued to influence on-site operating costs. There is a silver lining however, because the rate of increase is slowing and the higher gold price has eased pressure on producer margins.
