Commodity Trade Mantra

Posts Tagged ‘Gold Industry’

The Major Catalysts That Influence Gold Prices

Physical gold had its best quarterly gain in 30 years during the first quarter, and year-to-date, even with its recent swoon, physical gold is higher by roughly $200 an ounce. Gold has firmly reestablished itself as being in a bull market. The factors that move gold prices are largely unknown or overlooked. Let’s have a look at the seven most common factors that influence physical gold prices.

A Close Look At The Chinese Gold Lease Market

Current participants in the gold lease market are commercial banks, gold miners and jewelers. The Shanghai Gold Exchange also provides a crucial role in gold leasing. The SGE’s block trading system is the trading platform used by gold leasing participants; the SGE also provides transfer and settlement services.

The Most Important Factor of the Swiss Gold Initiative

In order to meet the regulations should the Gold Initiative pass, the SNB will need to buy 1,700 tons of gold at the market. That equates to roughly $70 billion or CHF 67 billion. And we are talking physical gold. Not futures contracts but the metal itself. Put another way, 1,700 tons of gold is roughly 70% of total annual gold production.

China Holds “Gold Congress” - In China, Gold Is Money

The 3 day China Gold Congress showcases China’s gold industry. Co-sponsored by World Gold Council & China Gold Association, it is China’s biggest gold industry event of the year, drawing in participants from across Chinese & international gold sectors including central banks, mining companies, bullion banks & refiners.

Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer

Decline in gold production in Australia has been blamed on royalties & falling price in recent years. Possibly Australia may have reached “peak gold.” China & Russia are the only 2 large producers to have seen significant gold production increases as sizable ore deposits that were left untapped during the Communist eras are mined today.

The Chinese Government’s Gold Policy - From The Horse’s Mouth

This is a detailed policy memo from the China’s highest government to let the various ministries & department know of the direction, intentions, progress & steps of development of the many facets and components of the gold market that serves both the gold industry and other areas of finance.

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