Category Archives: Metal markets

Gold investment demand hits new record in June — WGC

The data keeps providing more evidence of the unprecedented investment demand for gold-backed exchange traded funds (ETFs), according to the latest data from the World Gold Council (WGC). In a report published Tuesday, the WGC said that gold ETFs saw their seventh straight month of inflows in June with gold holdings rising by 104 tons […]

Countries went on a gold-buying spree before coronavirus took hold – here’s why

The global economy was flashing danger signs long before the pandemic. For one thing, many countries were clamouring to get hold of as much gold as possible. For the past decade, they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. Then just before the pandemic, there was a pause. What does all this mean?

Supply crunch pushing silver price to 3-month high

All eyes are on silver as prices are starting the week with some robust follow-through buying after Friday’s breakout session. In a comment to Kitco News, Phillip Streible, chief market strategist at Blue Line Futures, said that a perfect storm of increased investment demand and falling supply is expected to continue to push silver prices […]