Category: Gold market
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Private German Investors Hoard More Gold Than the Bundesbank.
According to a survey conducted by the Center for Financial Services Research at the Steinbeis University in Berlin (CFin), commissioned by Reisebank, private households in Germany hold more gold than the Bundesbank. The study reveals that German households possessed approximately 9,089 tonnes of gold (including jewelry and physical assets) in 2021. In comparison, the gold…
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Central banks have not bought as much gold since 1967, according to the World Gold Council.
In 2018, central banks purchased 651.5 tonnes of gold, the highest amount since 1967. Banks are seeking to diversify their reserves by investing in safe and liquid assets. Central banks have been buying gold for the ninth consecutive year after selling gold for more than twenty years. According to the World Gold Council, in 2022,…
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The jewelry market in North America.
The COVID-19 pandemic had a significant impact on the global demand for gold, including the demand for gold jewelry. In Quarter 2 of 2020, global gold demand decreased by 11%, while global jewelry demand for gold decreased by 46% year-over-year due to lockdowns and rising gold prices. However, the North American market proved to be…
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The 2023 gold rally is possible?
In 2022, gold increased by 15% at the beginning of the year due to the situation in Ukraine. Russia is a major gold producer, but it has not sold gold abroad and has even accumulated gold reserves. The G7 has banned imports of gold from Russia, but this will likely have no impact on gold…