Commodity Trade Mantra

Posts Tagged ‘Gold Refining’

China Moves To Dominate Gold Market With Physical Exchange

The encouraging factor about the SGE and the SGE international platform is that there is a lot of physical gold flowing through the Exchange. Therefore, price discovery is not just based on an inverted pyramid of mostly unallocated gold as in London or mostly cash-traded futures paper gold as in New York.

Gold Trade Numbers In 2013 Broke All Records

In 2013 we’ve experienced the kind of extreme buying power China is able to unleash on the physical gold market. Chinese wholesale demand in 2013 was 2200 tons & this excluded PBOC purchases. Let’s have a look on what actually happened & how much gold was distributed across the globe.

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