Krishan Gopaul

"During H1, Chinese #gold ETFs registered their strongest semi-annual performance on record, adding RMB64bn (US$8.8bn)." Read more from my colleague Ray Jia on the latest developments in China's gold market: gold.org/goldhub/gold...

Global #gold ETFs saw net inflows of US$552mn (~8 tonnes) last week - the third consecutive week of inflows. Funds in Asia, particularly China, drove the interest in gold, while AUM elsewhere was broadly unchanged. See the data here: www.gold.org/goldhub/data...

The State Oil Fund of Azerbaijan signals that it plans to increase the share of #gold in its portfolio this year. As a reminder, the added 45 tonnes to their holdings in 2024, lifting them to 146.6 tonnes (20.6% of the fund).

Have you ever wondered just how much #gold has been mined throughout history? We've just updated our above-ground stock data to end-2024, which you can find and download on Goldhub: gold.org/goldhub/data...

Global #gold ETFs kicked off 2025 with positive flows, led by Europe, while North America saw outflows. Supported by recent inflows and a higher gold price, global gold ETFs’ total AUM rose to US$294bn and holdings bounced to 3,523t. Read more here: gold.org/goldhub/rese...

Czech National Bank data shows its #gold reserves rose by almost 2 tonnes in January. Its gold holdings now total 53 tonnes, 63% higher than at the end of January 2024. Gold now also accounts for over 3% of total international reserves.

#Gold reserves at the Central Bank of Uzbekistan rose by 8 tonnes in January. Its gold holdings now total 391 tonnes, the highest level since February 2023 (393 tonnes).

Data just published by the National Bank of Poland shows its #gold reserves increased by 3 tonnes in January. This lifts its total gold reserves to 451 tonnes - 26% higher than in January 2024 and 97% higher than in January 2023.

Central banks reported 3t of net #gold selling in December, based on available data. The People’s Bank of China was the largest reported net buyer (10t), while the National Bank of Kazakhstan was the largest seller (11t). See the data here: gold.org/goldhub/data...

Perth Mint #gold minted product sales totalled 18,548oz in January, the lowest monthly total since March 2024 (16,442oz). The Mint noted that the level of gold prices dampened demand during the month.

The People's Bank of China has reported a 5 tonne increase to its #gold reserves in January - the third consecutive month its gold holdings have risen according to the data. Last month's purchase helped lift gold reserves to 2,285 tonnes.

Central banks added 1,045t to global #gold reserves in 2024, the third consecutive year that demand topped 1,000t. This continued strength of demand exceeded even our already-lofty expectations. Read more here: gold.org/goldhub/rese...

Latest IMF IFS data shows that the Central Bank of Taiwan Province of China added a tonne of #gold to its international reserves in October 2024, lifting it to 424 tonnes. That’s an instance of an advanced economy (per IMF classification) adding to its gold reserves.

Here are some other changes to central bank #gold reserves in December:

⬇️ Central Bank of Jordan (-1 tonne)
⬇️ National Bank of Kazakhstan (-11 tonnes)
⬇️ Monetary Authority of Singapore (-3 tonnes)

Source: IMF IFS, Respective Central Banks

The State Oil Fund of Azerbaijan added a further 20 tonnes to its #gold holdings in Q4’24, lifting its full year 2024 gold buying to 45 tonnes. Total gold holdings were 147 tonnes at the end of 2024, accounting for 21% of its investment portfolio (vs 12% at end-2023).

Global #gold ETFs saw net inflows of US$1.6bn (~19 tonnes) last week, the largest weekly net inflows since October. All regions except Asia contributed to the inflows, with European funds leading the way. Head this way for the full data breakdown: www.gold.org/goldhub/data...

The new gold rush: why the precious metal has lost none of its allure The price of gold continues to rise, but who buys it, and where do they keep it? We head to Geneva’s secret vault and meet the dealers

Lengthy article from The Guardian on the workings of various parts of the #gold market. Always good to read the details and perspectives of different market participants. www.theguardian.com/business/202...

"Jewellery demand is expected to gradually recovery from mid-January, primarily driven by wedding purchases. Demand, however, will be favourably influenced by #gold price stability. The recent trend in investment demand is expected to continue." Read more: gold.org/goldhub/gold...

The National Bank of Kazakhstan has announced it will sell #gold as part of measures to help support the Tenge. Worth keeping this in mind as we assess its gold reserves data in the coming months.

"We expect a seasonal pick up in #gold jewellery consumption due to the peak buying season over the Chinese New Year holiday – from 28 January to 4 February". Read more from my colleague Ray Jia in his latest blog on the Chinese gold market: www.gold.org/goldhub/gold...

Data from the Bank of Ghana shows that it's #gold reserves increased by 1 tonne in December. That brings its total 2024 net purchases to 11 tonnes, and lifts gold holdings to just over 30 tonnes.

Modest start to the new year for global #gold ETFs. Year-to-date inflows how total US$669mn (~6 tonnes), with western funds leading the way. As always, you can see the detailed data on Goldhub: gold.org/goldhub/data...

#Gold gave back a little of its YTD gains in December, finishing -1% on the month, but +26% on the year. According to our Gold Return Attribution Model, the primary driver for the decline was a strong rally in the US$ index. Read more: www.gold.org/goldhub/rese...

Inflows into global #gold ETFs and a higher gold price pushed total assets under management (AUM) to a record high US$271bn in 2024. Holdings, meanwhile, were relatively unchanged. See our December and FY 2024 data here: www.gold.org/goldhub/rese...

The People's Bank of China data shows its #gold reserves rose by 10t in December - the second consecutive month it has reported an increase. Based on available data, it means that the PBoC's gold reserves rose by 44t in 2024, to 2,280t.

Perth Mint sold 31,727oz of #gold minted products in December (-45% m/m, -13% y/y). As a result, 2024 gold minted product sales totalled 391,606oz, down 41% compared to 2023 and 65% down on the peak annual sales in 2022.

Central banks bought a net 53 tonnes of #gold in November, based on available reported data. The National Bank of Poland (21t) was the biggest buyer, while the People's Bank of China reported its first addition (5t) since April. Read more here: www.gold.org/goldhub/gold...

Gold: High prices helped people make extra cash selling jewellery The Royal Mint, which sells and buys back gold bullion bars and coins, say they had a "record year".

Report on #gold recycling, citing the Royal Mint: “…an increase of nearly ten percent in people buying gold and other precious metals in 2024, along with a six percent increase in those looking to "cash in" on higher prices by selling back bullion bars and coins.” www.bbc.com/news/article...

The Reserve Bank of India increased its #gold reserves by 8 tonnes in November - continuing its run of having added gold in every month this year so far. YTD net purchases total 73 tonnes - the second largest buyer this year after Poland - and lifts gold holdings to 876 tonnes.

Swiss #gold exports (HS7108) rose 40% m/m (and 20% y/y) to 143 tonnes in November - the highest month since March. Sizeable increases to key Asian markets - such as India and China - was supported by other important markets.