-
Gold's Record Q2 Fueled by Rise in OTC Investment and Strong Central Bank Buying
The World Gold Council's (WGC) latest Gold Demand Trends report reveals that robust over-the-counter (OTC) investment offset declines in jewelry demand, as well as retail bar and coin demand, in the second quarter. Continued central bank buying was also a key reason why the yellow metal achieved record highs in Q2. Gold demand excluding OTC decreased by 6 percent year-on-year in Q2 to reach 929 metric tons (MT). This decline was primarily driven by a drop in jewelry consumption, which fell by 19 percent year-on-year to a four year low of 391 MT. However, when OTC investments are included, total gold demand increased ... (full story)
- Comments
- Subscribe
-
- Older Stories
From news.metal.com|Jul 30, 2024LME copper opened at $8,954/mt overnight, experienced wide fluctuations initially and hit a session low of $8,915/mt. It then rebounded, reaching a session high of $9,046.5/mt, ...
From channelnewsasia.com|Jul 30, 2024The Bank of Japan is expected to detail plans to taper its huge bond buying on Wednesday and debate whether to raise interest rates, signalling its resolve to steadily unwind a ...
From fxstreet.com|Jul 30, 2024China’s official Manufacturing Purchasing Managers' Index (PMI) edged a tad lower from 49.5 in June to 49.4 in July, the data published by the National Bureau of Statistics (NBS) ...
-
- Newer Stories
From apnews.com|Jul 30, 2024Hamas leader Ismail Haniyeh was assassinated in Tehran, Iran’s paramilitary Revolutionary Guard said early Wednesday. No one immediately claimed responsibility for the ...
From iraqinews.com|Jul 30, 2024US officials revealed that the United States launched an airstrike on Tuesday against a base belonging to the Popular Mobilization Forces (PMF) in southern Baghdad. Security and ...
From boj.or.jp|Jul 30, 2024|8 commentsAt the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided by a 7-2 majority vote, to set the following guideline for money market operations ...
- Story Stats
- Posted: Jul 30, 2024 11:12pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 173
