Posts about GFMS Gold Survey written by RyanPomy. The estimates shown in the GFMS Gold Survey for the main .. to reach 1, tonnes, the highest since , at a notional dollar value of. THIS WEEK saw the launch of ‘Gold Survey ‘ by Thomson Reuters GFMS, the world’s foremost research firm focusing on precious metals.
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Many of the factors expected to fuel investor interest this year — low or negative real interest rates and shaky equity markets — were present last year, Thomson Reuters GFMS said.
Gold jewelry fabrication demand fell 2. Money Observer 6 August No, Bitcoin isn’t “new” gold.
Thomson Reuters GFMS cited fears over eurozone sovereign debt — specifically escalating concerns over Spain — and an interruption to the ssurvey recovery in the US economy that will force to Federal Reserve to carry out further monetary easing to drive gold higher. Hedging activity by miners can now only be a source of supply For much of the s and s, gold miners would hedge their price risk by selling future production forward to lock in the current price, adding to current supply and putting downwards pressure on the Gold price.
Gold Mining supply is expected to continue growing this year. Investment demand for physical gold saw “an excellent performance” last year, Klapwijk told the audience at the London launch of ‘Gold Survey ‘. Any cookies already dropped will be deleted at the end of your browsing session.
Signatories to the Central Bank Gold Agreement have made what GFMS calls “trivial sales” 22012 recent years, while emerging market central banks have been Buying Gold in significant quantities. Although GFMS says it expects scrap supply to rise this year, another traditional source of supply — central banks — is expected to be absent see below.
GFMS Research and Forecasts
North America and Latin America meantime posted modest scrap supply growth. 0212 Gold Prices rising, producers began to de-hedge, buying back positions and thus contributing to gold demand. Fuel Cell Energy ‘Now Viable’. Physical Gold Investment demand continued to be strong last year Investment demand for physical gold saw “an excellent performance” last year, Klapwijk told the audience at the London launch of ‘Gold Survey ‘.
This process went into reverse as the bull market got underway. Gold jewelry demand is expected to fall again.
Worldwide gold mine production rose for the third year running in Gold Investor Index 4 December A key driver of Gold Investment, says GFMS, is likely to be ongoing loose monetary policies adopted by the world’s central banks. By contrast, hedging positions were equivalent to around tonnes in and For much of the s and s, xurvey miners would hedge their price risk by selling future production forward to lock in the current price, adding to current supply and putting downwards pressure on the Gold price.
GFMS Gold Survey | Scratch Blog
Jewelry consumption however “is still expected to remain above ‘s historically depressed level” says GFMS. Most of the de-hedging — which contributed to the demand side — appears to have been done. Despite this eastwards demand pull, though, GFMS expects gold jewelry consumption to fall again this year, citing high Gold Prices and a slowdown in global growth. This period in flat supply sugvey broadly coincided with gold’s bull market.
Money Observer 6 August He also pointed out that institutions such as pension funds and sovereign wealth funds — where Gold Investment remains relatively rare — could still offer some scope for growth. A lot of Gold Investment is required just to maintain current prices Rising mine supply contributes to what GFMS terms the gold market “surplus” — the difference between combined mining and scrap supply and fabrication demand 20122 plus industrial uses. Scrap supply appears to be flat On a global level, scrap gokd fell by around 50 tonnes — equivalent to almost two thirds of the year’s Gold Mining production growth.
GFMS estimates that this leaves a “surplus” of gold supply equivalent to around tonnes. We use these cookies to record your site preferences currency, weight units, markets, referrer, etc. New Gold Mining operations contributed 47 tonnes of supply, while Africa was the region that saw the strongest growth, increasing production by 51 tonnes despite its largest survry, South Africa, seeing a five tonne drop.
Several BRIC countries — specifically Brazil, India and China — are also likely to loosen monetary policy, which would be bullish for gold. Mine production rose for the third consecutive year, up three percent, while producer hedging swung to a small positive position last year from net dehedging of tonnes in Thinking of investing gfme gold?
That said, there is obviously a limit to most investors’ stickiness. December 27 November 39 October 38 September 32 August Vfms articles published here are to inform your thinking, not lead it. A Cambridge economics graduate, he is a professional writer and editor with a specialist interest in monetary economics. Gold buying ‘cautious’ again. Furthermore, the consultancy expects investment demand for gold to set a fresh all-time high of close to tonnes in Gold Bullion terms.
A lot hfms Gold Investment is required just to maintain current prices. Latest gold news by email.
The significance of this is that investments in physical gold tend to represents “stickier” investments than other forms of getting exposure to the metal for example buying Gold Futures — meaning it would probably take more for such investors to exit the positions they’ve built.