GFMS Gold Survey 2019

Author : Refinitiv

Going by the phrase, a lot can happen in a year, well then, 2018 certainly is best termed under that description, with volatile political and economic activity throughout the year resulting in the CBOE Volatility Index (VIX) jumping to its highest level in February 2018 since August 2015 and rebounding from its lowest level on record in 2017. Having said this however, gold on an annual average basis, while marking its third year of increases, only rose by a mere 0.9% last year (similar to the gold price move in 2017 which rose by 0.5%). This is the second year in which gold’s price move has been somewhat of an anomaly, with the rest of the decade recording value moves (whether higher or lower) of 5% or typically double-digits. While an overview of supply and demand fundamentals is best addressed over-leaf, last year the gold market recorded a modest decline in physical demand led by falls in both jewellery and retail demand which was unable to offset an increase in mine production, leaving a net balance of 485 tonnes, its highest level since 2003.

Published Date : 07 Jun 2019
Page : 86
Publisher : Refinitiv
Category : Precious Metals
Available : Unlimited

MARC INFORMATION

020 a : ISBN 
2055-1800 
050 b : Published Year 
2019 
100 a : Author 
245 a : Title 
GFMS Gold Survey 2019 
260 b : Name of publisher 
Refinitiv 
260 c : Date of publication 
MAY 2019 
300 a : Total pages 
86 
520 a : Description 
Going by the phrase, a lot can happen in a year, well then, 2018 certainly is best termed under that description, with volatile political and economic activity throughout the year resulting in the CBOE Volatility Index (VIX) jumping to its highest level in February 2018 since August 2015 and rebounding from its lowest level on record in 2017. Having said this however, gold on an annual average basis, while marking its third year of increases, only rose by a mere 0.9% last year (similar to the gold price move in 2017 which rose by 0.5%). This is the second year in which gold’s price move has been somewhat of an anomaly, with the rest of the decade recording value moves (whether higher or lower) of 5% or typically double-digits. While an overview of supply and demand fundamentals is best addressed over-leaf, last year the gold market recorded a modest decline in physical demand led by falls in both jewellery and retail demand which was unable to offset an increase in mine production, leaving a net balance of 485 tonnes, its highest level since 2003. 
650 a : Subject 

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