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gold demand

  • CNN: How central banks and consumers still rely on gold

    In a CNN article titled “Good old-fashioned gold: how consumers and banks still rely on it“, authors Katie Pisa and Tracey Hobbs discuss the robust attraction to gold as a safe-haven asset that has held for thousands of years. Gold “has provided a tradable commodity which investors have turned to in uncertain times. It’s a safe haven,

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  • Seasonal Demand: Why is September Important for Gold?

    September has historically been a good month for gold. Why is this? Gold is not a food crop, it doesn’t have seasons…or does it? Gold has strong cultural value as well as monetary use. It was first valued for its luster and aesthetic beauty when it was discovered over 5,000 years ago. This still holds true across

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  • Despite Gold Lows, Indian Demand High Ahead of Religious Festival

    Gold fell 0.30% to $1,277 by Monday morning, not far from its two-month low of $1,273.06 hit the previous week. News of a stronger U.S. dollar, a possible interest rate hike coming in early 2015, and the end of quantitative easing this October have lessened gold’s appeal as a safe-haven asset and hedge against inflation for

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  • Forbes: “India’s appetite for gold defies market conditions”

    India loves gold – especially if it’s Swiss gold. According to the Swiss government, Switzerland’s total value of exported gold and silver bullion in the month of June was 3.9 billion Swiss franc ($4.3 billion USD), of which India accounted for 1.63 billion francs ($1.8 billion USD, or 42%). In India gold is used primarily in

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  • Bank of America Merrill Lynch Says the Worst for Gold May be Over

    Gold may have lost 2.1% last week, but Bank of America Merrill Lynch is assuring investors that the worst may be over for the yellow metal. Metals strategist Michael Widmer noted to his clients on Monday that gold prices have stabilized this year due to steady demand from emerging international markets such as China and India. Remember

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  • International Developments Contribute to Gold’s Rise This Week

    Just as Wednesday’s article suggested, gold responded positively to the news that India elected a new government that may further ease restrictions on gold imports. Gold ready for June delivery was up by $10.50 (or 0.8%), making yesterday’s gold price $1,298.60 an ounce. Silver also rose by 1.2%. Naeem Aslam, chief market analyst at AvaTrade,

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  • 5 Interesting Facts about Gold Smuggling

    Smuggling of items usually occurs in attempt to bypass import and export laws and taxes. In India, the world’s largest consumer of gold, this is certainly the case. India loves its gold and often hoards it as a store of wealth. In June of 2013, a higher duty (tax) on gold jewelry was introduced. Over

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  • 7 Reasons China is Becoming the #1 Producer and Consumer of Gold

    The World Gold Council recently released a report titled “China’s gold market: progress and prospects” examining the rising demand for gold in the world’s most highly populated country. The report also explains why China’s gold market will continue to expand regardless of the giant surge in demand. Important to the trend is China’s growing middle

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  • What March’s Dip May Mean for April Gold Values

    So far this month, gold prices hit a seven-week low as U.S. jobs data was somewhat positive. As has been mentioned on this site, precious metal buying tends to be seasonal. Additionally, Louis James of Casey Research warns that “March has been, on average, the worst-performing month for gold,” based on 40 years’ worth of

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  • What Makes Gold a Unique Investment?

    Gold is an intriguing commodity. Its price has an inverse relationship with how the economy is doing, and it can be a collectible as well as an investment. But what makes gold unique? As Forbes contributor Keith Weiner puts it, “Nearly every ounce of gold ever mined is still in human possession. Think about that for

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