Russian VTB: gold demand might make a recovery

David McHutchon | August 14, 2017
img0 Bullion could rise to $1 360/oz within three months before climbing higher, fuelled by global political risks and buying from China and India, said Evgeny Ananiev at VTB Capital JSC, the investment-banking unit of Russia’s second-largest lender VTB Group. “We may see some correction, but I don’t think gold will drop below $1 200 as it’s well supported,” he said in a weekend interview in Goa. ...

Glencore transforms business to meet electric vehicle demand

David McHutchon | August 11, 2017
img0 Miner and commodities trader Glencore (LON:GLEN) raised its revenue and profit outlook for the year on Thursday with the Swiss company citing the fast-growing electric vehicle market as a key driver, said mining.com. “Most automotive players are now accelerating investment in/adoption of electric vehicle technologies, reflecting, in part, increasingly aggressive Government mandates around emission targets. Growth ...

Q1 gold demand decreased by 18% from last year’s exceptional high

David McHutchon | August 3, 2017
img0 Global gold demand in Q1 2017 was 1,034.5t. The 18% year-on-year decline suffers from the comparison with Q1 2016, which was the strongest ever first quarter, World Gold Council noted. Inflows into ETFs of 109.1t, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand also contributed to the weakness. ...

Electric vehicles to drive copper demand

David McHutchon | June 13, 2017
img0 The growing market for electric vehicles (EVs) will significantly impact demand for copper over the next decade, said mining.com with reference to new research commissioned by the International Copper Association(ICA). The study—Copper Intensity in the Electrification of Transport and the Integration of Energy Storage—was conducted by IDTechEx and provides new insight into copper’s essential role ...

Q1 gold demand fell by 18% from last year’s exceptional high – WGC

David McHutchon | May 5, 2017
img0 Image: i.imgur.com Global gold demand in Q1 2017 was 1,034.5t. The 18% year-on-year decline suffers from the comparison with Q1 2016, which was the strongest ever first quarter. Inflows into ETFs of 109.1t, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand also contributed to the weakness. Bar and coin ...

Gold investments drove price and demand growth – WGC

David McHutchon | February 3, 2017
img0 Image: inzoloto.ru World Gold Council published its report “Gold Demand Trends”. A four-year high in investment drove price gains and demand growth. 2016 full-year gold demand gained 2% to reach a 3-year high of 4,308.7t. Annual inflows into ETFs reached 531.9t, the second highest on record. Declines in jewellery and central bank purchases offset this growth. ...

India’s gold trade is imploding

MINEX Forum | July 26, 2016
img0 On Monday gold continued to drift lower trading around $1,320 in afternoon dealings after earlier in the day touching a near 0ne-month low, mining.com reported. For 2016 the metal remains firmly in a bull market adding more than 24% or some $260 an ounce, the best year-to-date performance in decades. Gold’s rally this year comes despite a sea change in what has ...