The Palais Brongniart stands at the Place de la Bourse in the heart of Paris. In specialized shops, gold bars and coins are selling like hotcakes since the beginning of the war in Ukraine, with some French people feeling the need to secure a portion of their savings in…Continue readingDuring times of war, gold remains a safe haven for individuals.
Category: gold market
In 2018, central banks purchased 651.5 tonnes of gold, the highest amount since 1967. Banks are seeking to diversify their reserves by investing in safe and liquid assets. Central banks have been buying gold for the ninth consecutive year after selling gold for more than twenty years. According to…Continue readingCentral banks have not bought as much gold since 1967, according to the World Gold Council.
French people buy more gold in 2022.
According to a study by the World Gold Council, the French bought 5.6 tons of gold coins and bars in 2022, equivalent to around 0.31 billion euros, which is a record high since 2011. Gold is considered a safe haven in times of economic, stock market, and geopolitical uncertainty.…Continue readingFrench people buy more gold in 2022.
The price of gold has increased by 20% since last September and could reach a level never before seen in 2023. This yellow metal is considered the ultimate safe haven, which explains this increase related to geopolitical instability, economic tensions, and inflation. Indeed, gold has always been the safest…Continue readingThe price of gold is close to its historical high.
The jewelry market in North America.
The COVID-19 pandemic had a significant impact on the global demand for gold, including the demand for gold jewelry. In Quarter 2 of 2020, global gold demand decreased by 11%, while global jewelry demand for gold decreased by 46% year-over-year due to lockdowns and rising gold prices. However, the…Continue readingThe jewelry market in North America.
The Indian gold markets.
The Indian gold industry is an important part of the country’s economy, contributing 1.3% to Indian GDP. Although still fragmented, the industry has become more organized and regulated over the last few years. Chain stores have gained market share at the expense of stand-alone retailers, increasing their share to…Continue readingThe Indian gold markets.