The gold supply chain is truly global. Gold is mined on every continent except Antarctica, refined into bars and coins in numerous countries, and distributed far and wide. This geographical dispersion not only brings stability to the gold market, it is also necessary to satisfy demand.
But the onset and scale of the COVID-19 pandemic has caused unprecedented disruption to various parts of the gold supply chain. In this report, we explore:
- how the different components across the supply chain have been affected
- the impact on the flow of gold through the supply chain
- how the disruption has affected investment demand.
We find that while gold’s supply chain has not escaped unscathed, it has demonstrated resilience in the face of these challenges, highlighting a key strength of the market.
Click here to read the full report via The World Gold Council
NEWS and COMMENTARY
Gold falls further as stocks jump to near 3-month high
Gold prices finish lower for a second session
Negative interest rates could be needed for a ‘V’ recovery, Fed economist says
Euro set for seventh day of gains, dollar loses to riskier assets
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
02-Jun-20 1740.25 1742.15, 1385.76 1386.58 & 1556.83 1556.44
01-Jun-20 1734.80 1730.60, 1398.77 1393.13 & 1559.76 1556.16
29-May-20 1725.65 1728.70, 1401.92 1399.73 & 1550.15 1554.97
28-May-20 1723.30 1717.35, 1403.28 1398.27 & 1564.93 1556.61
27-May-20 1705.15 1694.60, 1385.95 1382.12 & 1552.71 1541.92
26-May-20 1722.75 1720.25, 1399.22 1393.57 & 1571.32 1566.63
22-May-20 1732.45 1733.55, 1421.99 1423.59 & 1588.83 1590.71
21-May-20 1732.80 1724.90, 1417.78 1410.45 & 1580.49 1571.04
19-May-20 1735.25 1737.95, 1416.14 1418.34 & 1584.11 1589.01
15-May-20 1734.85 1735.35, 1422.06 1427.67 & 1604.39 1602.60
14-May-20 1716.40 1731.60, 1403.67 1420.09 & 1587.84 1603.98
