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Gold
November 2, 2023451Views0Likes0Comments

Gold Nears $2,000 Amid Global Tensions

For decades, gold has remained the best-performing asset class, providing double-digit returns for investors. True to form, gold demand this quarter remains above the long-term average as precious metal prices continue to move in response to global events. According to the World Gold Council (WGC), gold buying by central banks also continues at a scorching…

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Gold
November 2, 2023456Views0Likes0Comments

Gold price capitalises on weak US data, Fed policy hogs limelight

Gold price (XAU/USD) recovered losses and turned positive on Wednesday after a two-day losing spell on weaker-than-anticipated United States Automatic Data Processing (ADP) and the Institute of Supply Management (ISM) Manufacturing PMI data for October. The US ADP reported that employers hired 113K job seekers, which were lower than expectations of 159K but significantly higher…

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Gold
November 1, 2023401Views0Likes0Comments

Gold Demand Trends Q3 2023

Q3 gold demand firmly above longer-term average Central banks gold buying maintained a historic pace but fell short of the Q3’22 record. Jewellery demand softened slightly in the face of high gold prices, while the investment picture was mixed. Gold demand (excluding OTC) in Q3 was 8% ahead of its five-year average, but 6% weaker y/y at…

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