Commodity Trade Mantra

Posts Tagged ‘Gold Scrap Supply’

Fundamental Change - Gold Scrap Slump will Tighten the Gold Market Supply

Normally, when the gold price increases, individuals take advantage by selling old jewelry or scrap into the market. This trend changed in 2017 as global gold scrap supply declined 20% to 563 mt, even as the gold price increased. This suggests that the market is now holding onto its gold rather than sell it into the market… even at higher prices. This is a very POSITIVE indicator for future gold prices.

Americans Pawn Gold To Go Further Into Debt: US Gold Scrap Market Drying Up

It is quite unfortunate that Americans have pawned off their best asset only to go further into debt. U.S. gold scrap supply in 2016 (58.7 metric tons) is nearly two and a half times less than it was in 2010 (143 metric tons). Americans pawned off a great deal more gold in 2010 when the price was lower at $1,225 compared to $1,267 in 2016. Which means, the U.S. gold scrap supply market is drying up.

US Exports 128 Tons Of Gold In Jan, Feb 2014 - Supply Deficit Increases

Not only did the United States export 128 metric tons of gold in the first two months of the year, its supply deficit continues to increase. Hong Kong and Switzerland imported 105 mt of gold in the same period. The overwhelming majority of U.S. gold exports are heading to Asia, India and the Middle East.

follow us

markets snapshot


Market Quotes are powered by Investing.com

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook