In the Press
Gold heads for third weekly gain rise on lower yields and virus woes
“The key psychological $1,800/ounce level is acting as a barrier for gold. Once it sustains above that for some time, we could see some fresh technical buying,” said Harshal Barot, a senior research consultant for South Asia at Metals Focus.
Can Reddit’s silver “apes” beat the market?
Investors will stockpile a lot of silver this year, but less than in 2020, according to consultants Metals Focus. Demand in the West is strong, but in India, one of the biggest silver consuming countries, the pandemic is reducing people’s ability to buy, they say. Reuters.
Barrick M&A leads to greenhouse gas emissions jump – Metals Focus
Barrick Gold’s corporate restructuring has led to a jump in greenhouse gas emissions, according to Metals Focus, a leading independent precious metals research consultancy, which today presented findings of its annual peer group ESG report comparing ESG metrics across 16 of the biggest gold miners over the last seven years. Kitco News.
Suite of commodities to benefit from environmentally-driven market demand
Analysts at Metals Focus see palladium prices rising to $3,000 an ounce in 2021. On June 10, palladium was US$2,814.00/oz. Palladium is a key ingredient in gasoline engine autocatalysts which lower emissions. Automotive demand is forecast to hit a record high this year driven by strong growth in China, which represents one-third of global automotive production. In addition, the roll-out of more stringent emission legislation around the world is expected to support domestic demand, as will President Biden’s green agenda, Metals Focus says.
Metals Focus are noticing higher costs for gold miners
The World Gold Council (WGC) has released a report highlighting the fact that the cost of production of gold could be on the rise. Adam Webb who is Director of Mine Supply at Metals Focus notes costs in the gold mining industry increased for the second consecutive quarter in Q1 2021, with the global average All-in Sustaining Cost (AISC) up by 5% q/q to $1,048/oz, reaching its highest level since Q2 2013.
Gold mining costs continue rising in Q1’21
Costs in the gold mining industry increased for the second consecutive quarter in Q1’21, with the global average All-in Sustaining Cost (AISC) up by 5% q-o-q to US$1,048/oz, reaching its highest level since Q2’13. Adam Webb on Gold Hub for the World Gold Council.
LAWRIE WILLIAMS: Top 20 Gold producing nations in 2020 and peak gold
As London-based precious metals focused consultancy, Metals Focus reports in its 108-page long Gold Focus 2021 report, global gold mine production in 2020 fell for the second consecutive year, declining by 119 tonnes year on year(3%) to 3,478 tonnes.
What spurred the global commodity market sell off
‘We have seen the dollar strengthen and that is bad news for gold over the short-term. But there would be inflation concerns and so the case for gold for the foreseeable future is still relatively strong’, Philip Newman MD of Metals Focus told CNBC-TV18.
Gold outlook after the Fed meeting
Harshal Barot discussing the implications of the latest Fed meeting on the gold market with CNBC Hindi
Gold prices to average $1,820 in 2021
Tuesday, Metals Focus published its annual Gold Focus report for 2021, and the analysts see a more tempered outlook for the precious metal as uncertainty over the global COVID-19 pandemic continues to ease. Kitco News.
Fading ETF purchases will limit gold demand rise, Metals Focus says
LONDON, June 15 (Reuters) – Demand for gold from jewellers and central banks will recover in 2021 but remain below pre-pandemic levels, while buying of bullion by exchange traded funds (ETFs) will fall sharply, consultants Metals Focus said on Tuesday.
Gold falls on bets U.S. Fed may outline taper plan
On the physical front, consultants Metals Focus said decreased buying of bullion by exchange traded funds could limit gold demand this year. Reuters.
Will mandatory hallmarking help make India’s jewellery business more organised?
Chirag Sheth in discussion on CNBC TV18
Decline in ETF fund purchases will limit global gold demand in 2021
Demand for gold from jewelers and central banks will rebound in 2021, but will remain below pre-pandemic levels as bullion purchases by publicly traded funds (ETF) will fall sharply, consultancy Metals Focus said on Tuesday. Explica.co
The gold outlook and impact of increasing inflation
Chirag Sheth interview on Zee Business
Philly sees a spike in catalytic converter thefts. The auto part has metals worth more than gold. The Philadelphia Inquirer
“In the rhodium market, if something happens to impact South African mining, then it does definitely have a far larger impact on supply and demand dynamics,” said Wilma Swarts, director of platinum group metals at the London-based research consulting firm Metals Focus.