- Central banks buy gold in largest buying spree in a half century
- 2nd largest year of gold purchases by banks on record - WGC
- Central banks bought more gold bullion last year than anytime since 1967, prior to the U.S. ending the gold standard in 1971
- Governments added 651.5 tonnes (metric) of gold to their foreign exchange reserves in 2018, a 74 percent increase from the previous year
- Surge in gold purchases by central banks and strong demand for gold coins and bars in Europe and Iran helped push global demand for gold up 4 percent last year
Source: World Gold Council
The Queen inspects a gold vault at the Bank of England
Source: World Gold Council
Central Banks Are on the Biggest Gold-Buying Spree in a Half Century (Bloomberg)
Central Banks Bought More Gold in 2018 Than Any Year Since 1967: WGC (Reuters)
Gold Demand Trends Full year and Q4 2018 (Full Report from World Gold Council here)
News and Commentary
Gold hits 9-month peak on Fed rate freeze; eyes monthly gain (Reuters.com)
Exclusive: Venezuela prepares to fly tonnes of central bank gold to UAE – source (Reuters.com)
Fed pause sets stocks for best January on record, yields fall (Reuters.com)
Gold prices settle higher, up a 4th month in a row (MarketWatch.com)
Source: Bloomberg
Gold Demand Trends Full year and Q4 2018 (WGC) (Gold.org)
Central Banks Are on the Biggest Gold-Buying Spree in a Half Century (Bloomberg.com)
How India Elections Could Mean a Surge in Gold Buying (Bloomberg.com)
Silver Shortage Promises to Boost Price in 2019 (Bloomberg.com)
Italy Officially Slides Into Recession After Budget Battle With Brussels (ZeroHedge.com)
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Gold Prices (LBMA PM)
31 Jan: USD 1,322.50, GBP 1006.95 & EUR 1,152.16 per ounce
30 Jan: USD 1,312.95, GBP 1002.04 & EUR 1,148.44 per ounce
29 Jan: USD 1,308.35, GBP 994.48 & EUR 1,143.24 per ounce
28 Jan: USD 1,301.00, GBP 987.98 & EUR 1,139.81 per ounce
25 Jan: USD 1,282.95, GBP 981.33 & EUR 1,132.08 per ounce
24 Jan: USD 1,279.75, GBP 981.70 & EUR 1,128.36 per ounce
23 Jan: USD 1,284.90, GBP 990.14 & EUR 1,131.74 per ounce
Silver Prices (LBMA)
31 Jan: USD 16.07, GBP 12.24 & EUR 13.99 per ounce
30 Jan: USD 15.91, GBP 12.15 & EUR 13.92 per ounce
29 Jan: USD 15.85, GBP 12.05 & EUR 13.87 per ounce
28 Jan: USD 15.68, GBP 11.93 & EUR 13.75 per ounce
25 Jan: USD 15.37, GBP 11.74 & EUR 13.55 per ounce
24 Jan: USD 15.30, GBP 11.75 & EUR 13.48 per ounce
23 Jan: USD 15.38, GBP 11.80 & EUR 13.54 per ounce
Recent Market Updates
- Gold Breaks Out of Range After Dovish Fed – Further 1% Gain to $1,321/oz
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- Gold Consolidates Above $1,300 After 1.2% Gain Last Week
- Gold Bullion Will Protect From Politicians, Brexit and Increasing Market Volatility In 2019
- Brexit – The Pin That Bursts London Property Bubble
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- Gold May Return 25% In 2019 Given Brexit, Trump and Other Risks – IG TV Interview GoldCore
- Brexit, EU, Germany, China and Yellow Vests In 2019 – Something Wicked This Way Comes
- Three Reasons Gold May Embark On An Extended Rally
- Political Turmoil in UK & US Sees Gold Hit 2 Week High
- Gold Holds Steady Over €1,100/oz – Increased Possibility Of A Disorderly Brexit
- Turbulence and Brexit Make Safer Options Like Gold and Cash Essential
