Gold 2048: The Next 30 Years For Gold
Gold 2048 is an interesting and comprehensive new report from the World Gold Council which brings together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.
Key insights from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innovation Officer at Barrick Gold include:
What does the future hold for gold?"Gold will be a refuge for people in times of crisis as it has always been" - MagnusThe expanding middle class in China and India, combined with broader economic growth, will have a significant impact on gold demand.Use of gold across energy, healthcare and technology is changing rapidly. Gold's position as a material of choice is expected to continue and evolve over the coming decades.Mobile apps for gold investment, which allow individuals to buy, sell, invest and gift gold will develop rapidly in India and China.Environmental, social and governance issues will play an increasing role in re-shaping mining production methods.The gold mining industry will have to grapple with the challenge of producing similar levels of gold over the next 30 years to match the volume it has historically delivered.Gold 2048 full report and related reports are published by the World Gold Council (May, 2018) and available to subscribers here
News and Commentary
Gold prices steady on weaker dollar (Reuters.com)
Spec Funds Exit Gold Amid Strong Dollar and Lack of Fear (Bloomberg.com)
Gold Prices Drift Lower as Global Trade Remains in Focus (Investing.com)
Stocks and dollar rise as U.S.-China trade war put 'on hold' (Reuters.com)
Source: Coinnews.net
Perth Mint Gold and Silver Bullion Sales Retreat in April (CoinNews.net)
Gold promotions impede exposure of manipulation (SmartKnowledgeu.com)
Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000 (Bloomberg.com)
As Brent Oil Reaches $80. The Big Rally Is in Forward Prices (Bloomberg.com)
Best-case scenario is the U.S. trade gap with China will get worse (MarketWatch.com)
Gold Prices (LBMA AM)
21 May: USD 1,285.85, GBP 959.24 & EUR 1,095.67 per ounce18 May: USD 1,287.20, GBP 954.20 & EUR 1,091.16 per ounce17 May: USD 1,288.85, GBP 952.07 & EUR 1,090.50 per ounce16 May: USD 1,291.75, GBP 958.61 & EUR 1,093.60 per ounce15 May: USD 1,310.05, GBP 966.42 & EUR 1,098.35 per ounce14 May: USD 1,320.70, GBP 972.30 & EUR 1,101.86 per ounce11 May: USD 1,324.80, GBP 978.23 & EUR 1,110.45 per ounce
Silver Prices (LBMA)
21 May: USD 16.34, GBP 12.19 & EUR 13.91 per ounce18 May: USD 16.39, GBP 12.16 & EUR 13.92 per ounce17 May: USD 16.39, GBP 12.14 & EUR 13.90 per ounce16 May: USD 16.26, GBP 12.07 & EUR 13.79 per ounce15 May: USD 16.41, GBP 12.12 & EUR 13.77 per ounce14 May: USD 16.65, GBP 12.25 & EUR 13.89 per ounce11 May: USD 16.76, GBP 12.35 & EUR 14.04 per ounce