Discover and read the best of Twitter Threads about #GoldDemandTrends
Most recents (3)
We published a new primer on #gold last week at the same time as #golddemandtrends
"Gold Market Size and Structure"
gold.org/goldhub/resear…
"Gold Market Size and Structure"
gold.org/goldhub/resear…
I'll tweet out some of the highlights from the report for those too lazy to download it.
Above: total stock of #gold above ground is about 209,000t.
Below, the value of this stock.
Above: total stock of #gold above ground is about 209,000t.
Below, the value of this stock.
Note that there are substantial quantities of OTC #gold derivative positions that are not included in this total as this information is not readily or reliably available.
Spot #gold is trading aroundv$1827/oz with a $0.30/oz bid-ask spread on Friday morning in London.
Although it bounced after stronger US inflation data, it couldn't hold those gains as yields firmed late in the day.
But lets look at a slightly longer term perspective...
Although it bounced after stronger US inflation data, it couldn't hold those gains as yields firmed late in the day.
But lets look at a slightly longer term perspective...
Since the start of the year, #gold is essentially flat...
...yet 10-year treasury yields are about 65bp higher (less negative)
All-time highs for #gold – a thread
Gold hit a new all-time high this morning, posting $1944.71/oz during late Asian trading and is currently near that level.
There has been a LOT of coverage of the all-time-high on social media – who knew there were so many #gold experts?😃😃
Gold hit a new all-time high this morning, posting $1944.71/oz during late Asian trading and is currently near that level.
There has been a LOT of coverage of the all-time-high on social media – who knew there were so many #gold experts?😃😃
It’s great timing as far as we are concerned, as it means that #gold is getting a lot of attention ahead of the launch of our Q2-2020 / H1-2020 #GoldDemandTrends release, which will come out on Thursday.
What can we say about #gold at the moment? Obviously I am not going to front run the release of GDT, but we can repeat themes we’ve been making for some time.
