Gold on a swing. Time to invest?
After a steady fall since June 16 following the U.S. Fed meet, gold prices have begun another trek. This time, thanks to the Basel-lll rules that reclassified gold to a tier 1 zero-risk weight.
world gold council
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Gold ruled 2020. Will it reign 2021 too?
Gold exchange traded funds added a record 877 tonnes during 2020, nearly 231 tonnes more than the 2009 record of 646 tonnes. Experts argue much of gold's growth drivers will continue in 2021 too.
Is gold no longer the safe haven?
At a time when India’s benchmark equity indices are hitting fresh highs every week, statistics show that gold is losing its safe haven sheen.
Gold loses lustre as Covid-19 takes a toll
A World Gold Council report says global demand for gold has taken a beating, falling by as much as 19% in the third quarter of this year.
Gold demand could drop by 30%: ICC
Industry body Indian Chamber of Commerce (ICC) seeks further relief from the government over the Covid-19 impact on the gem and jewellery sector.
Global gold ETF inflows surge in March quarter
According to the World Gold Council, global gold-backed ETFs added 298 tonnes during January-March 2020, the highest quarterly addition since 2016.
Gold prices touch seven-year high
While the yellow metal’s safe haven appeal has been on the rise, prices could retreat once fears around Coronavirus start fading.
‘Price volatility, taxes may deter Indian consumers’
Financial and geopolitical uncertainty along with low interest rates worldwide, however, will boost demand for gold, says WGC report.
Bitcoin glitters, but is it gold?
In its latest investment note, World Gold Council says gold is better than Bitcoin because it is much less volatile and has a more liquid market.
