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  • Goldhub
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  • July 2023
  • Insights: Posts from July 2023

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    Ray Jia

    Research Head, China World Gold Council

    China’s gold market in June: wholesale demand stable and gold reserves up


    Despite June weakness, the LBMA Gold Price AM in USD and the Shanghai Gold Benchmark PM (SHAUPM) in RMB ended the first half of 2023 higher by 5% and 9% respectively – the depreciation of RMB against the dollar over the period contributed to the significant difference.

    Blog Posted 1 year 9 months ago

    World Gold Council

    The experts on gold

    Inflation: A rare SMSF consideration


    SMSF investors continue to face inflationary pressure not seen in decades. And it could influence investment performance if the potential effects are not considered.

    Blog Posted 1 year 9 months ago

    Adam Webb

    Former Director of Mine Supply Metals Focus

    Gold miners’ average AISC resumes rising trend in Q1’23 and reaches a new record high


    Costs in the gold mining industry resumed their upward trajectory in the first quarter of this year. This followed a short-lived break in Q4’22, when gold miners’ average all-in sustaining costs (AISC) had fallen by 1% q/q. Prior to this, costs had risen for the past three consecutive quarters, stretching back to Q1’22.

    Blog Posted 1 year 9 months ago

    Johan Palmberg

    Senior Quantitative Analyst World Gold Council

    The drivers behind gold’s June and H1 performance


    Gold price weakness in June, according to GRAM, was largely the result of a rise in US Treasury yields, a fall in volatility, US dollar strength and ensuing outflows from global gold ETFs.
    Blog Posted 1 year 9 months ago

    Krishan Gopaul

    Senior Analyst, EMEA World Gold Council

    Central banks remained net sellers in May but picture improves


    Global central banks reported net sales of 27t in May, less than half the net sales seen in April. Excluding Türkiye’s sales, the trend in central bank buying is still in place.

    Blog Posted 1 year 9 months ago

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