Unearthed Podcast
World Gold CouncilUnearthed: Hard, soft or no landing ft. Karim Chedid, BlackRock
In this insightful episode hosted by John Reade and Joseph Cavatoni from the World Gold Council, guest Karim Chedid, Head of EMEA Investment Strategy for iShares and a Managing Director at BlackRock, discusses the current macroeconomic environment.
Claire Lincoln
Global Head of Institutional Investor Relationships World Gold CouncilGeopolitics, macro-economics and asset allocation in 2024
Last week, we held an investor webinar with a focus on geopolitics, macro-economics and asset allocation in 2024. Joe Cavatoni, our Market Strategist for the Americas was joined for an insightful dialogue with two seasoned investment experts.
Juan Carlos Artigas
Global Head of Research World Gold CouncilYou asked, we answered: Is there a January effect for gold?
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in October: wholesale demand weakened, gold reserve rose
The LBMA Gold Price AM in USD and the Shanghai Gold Benchmark PM (SHAUPM) in RMB bounced higher, both recording the strongest monthly gains since March. The local gold price premium fell from its record high, possibly driven by weaker gold demand during the month.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks bought 77t in September
- Reported global central bank gold reserves, via the IMF and publicly available sources, rose by a net 77t in September
- Gross sales (1t) were dwarfed by gross purchases (78t), highlighting the strength of buying
Ray Jia
Research Head, China World Gold CouncilThe Chinese gold premium: has the dust settled on the record surge?
China’s local gold price premium has rocketed to previously unseen levels, reaching US$121/oz on 14 September. And August’s US$41/oz monthly average already marked a record since the Shanghai Gold Exchange’s establishment in 2002.
Ray Jia
Research Head, China World Gold CouncilThe time may be right for gold in Japanese investors’ portfolios
Expectations for the end of the BoJ’s negative policy rate intensified
The BoJ relaxed its yield curve control (YCC) program in late July. Governor Ueda’s first surprise move since taking the wheel: he effectively doubled the YCC’s upper limit to 1%, while keeping the policy rate unchanged at -0.1%. This led to surges in both the 10-year JGB yield and its volatility.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in August: demand improved on multiple fronts
Gold prices quoted in USD and RMB headed in different directions in August. Major factors including rising US Treasury yields and a strong dollar weighed on the international gold price in USD. But the Chinese currency weakness, which depreciated by 2% against the dollar in the month, led to a mild increase in the RMB gold price.
Jeremy De Pessemier
Asset Allocation Strategist World Gold CouncilWhat are the implications for gold as yields converge?
A lot has been made of the convergence of yields for cash, bonds and equities (on an earnings yield basis), with the higher yield on offer in the cash space leading many investors to reassess their portfolio exposures.
John Reade
Senior Market Strategist, Europe and Asia World Gold CouncilA closer look at Turkish gold demand
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in June: wholesale demand stable and gold reserves up
Despite June weakness, the LBMA Gold Price AM in USD and the Shanghai Gold Benchmark PM (SHAUPM) in RMB ended the first half of 2023 higher by 5% and 9% respectively – the depreciation of RMB against the dollar over the period contributed to the significant difference.
Adam Webb
Former Director of Mine Supply Metals FocusGold miners’ average AISC resumes rising trend in Q1’23 and reaches a new record high
Costs in the gold mining industry resumed their upward trajectory in the first quarter of this year. This followed a short-lived break in Q4’22, when gold miners’ average all-in sustaining costs (AISC) had fallen by 1% q/q. Prior to this, costs had risen for the past three consecutive quarters, stretching back to Q1’22.
Johan Palmberg
Senior Quantitative Analyst World Gold CouncilThe drivers behind gold’s June and H1 performance
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks remained net sellers in May but picture improves
Global central banks reported net sales of 27t in May, less than half the net sales seen in April. Excluding Türkiye’s sales, the trend in central bank buying is still in place.