Hi,
Something extraordinary is happening in China. The world’s largest gold producer is simultaneously importing gold at a pace that could reach 1,700 tonnes in a single year. At the same time, Shanghai’s silver inventories have surged to roughly 1.5 million kilograms, or approximately 48.2 million troy ounces. And underneath it all, the money supply of…
Category: Gold Market
Kilo Bars of Gold and Silver Explained
A Gold or Silver Bar Weighing One Kilogram? According to the weight, purity, and manufacturing norms of the precious metal, a bar of gold or silver that weighs one kilogram contains approximately one kilogram of the precious metal in question. Kilo is a unit of mass that is used in the metric system. Troy ounces,…
China’s Gold Demand: The World’s Largest Consumer’s Growing Power
Gold has traditionally been highly prized in Chinese culture, particularly for use as wedding jewellery, presents for celebrations, and the preservation of riches. China’s purchases of jewellery, demand for investments, acquisitions by the central bank, and domestic gold production all contribute to the country’s impact on the global gold market. The buying patterns of Chinese…
Bond Yields in Canada Are Going Up, Which Is Important News for Investors in Precious Metals
Even though bond yields are not as widely recognised as gold prices, they are extremely useful indicators of the environment in which precious metals are found. The most recent rates of government bonds have an impact on the costs of borrowing money, currency markets, expectations for monetary policy, and the attractiveness of assets; thus, they…
Gold Prices Are Going Up in Canada. Will They Go Up Even More When the Loonie Gets Weaker?
Given the growing significance of gold in the context of the financial discussion, one aspect may be overlooked while analysing the pricing of gold in Canada. The price of gold is typically stated in United States dollars, even though Canada purchases gold in Canadian dollars. When the worldwide gold market is steady, the Canadian dollar…
