Commodity Trade Mantra

Posts Tagged ‘GFMS Gold Survey’

Gold Price Spike Triggers Massive Surge In Gold Investment Demand

The spike in the gold price during the holiday weekend triggered a record ONE-DAY surge in mainstream investor gold demand. How much gold flooded into Gold ETF’s and Funds on July 5th? Mainstream investors piled into gold on Tuesday, July 5th, thus pushing the ONE-DAY flow into Gold ETF’s to a record 1.4 million oz. The one-day previous record was about 1.25 Moz.

Australia Gold Exports: Two-Thirds Of Its Gold Mine Supply To China

The majority of world gold production heads to China. In 2012, Australian gold exports to China tripled compared to 2011 reaching 110 mt, 44% of its 251 mt gold mine supply & in 2013, exported 176 mt of its 266 mt gold mine supply. In just 2 years, Gold exports to China increased from 12% of its mine supply in 2011 to 66% in 2013.

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