Three factors that have transformed the gold market in the last 30 years - WGC
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! Tuesday, the WGC celebrated the 30 anniversary of its quarterly and annual Gold Demand Trends report, which looks at all pillars of physical demand in the global marketplace, including jewelry purchases to investor demand and central bank gold holdings.
"With a 5.8% annualized return over the period, gold has outperformed cash, bonds and commodities," the analysts said. "Gold has also maintained a very low average correlation to stocks, even rising in times of turmoil and performing positively in five out of the past seven recessions, helping investors to reduce their portfolio losses."
Analysts at the WGC noted that jewelry and technology demand are now counterbalances to investment and central bank demand. At the same time, two major gold-consuming nations, India and China, saw significant growth in their middle classes, meaning more consumers could buy more gold. The report said that in the 1990s, Asian demand represented about 45% of the global market; today, the region represents about 60%.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peru’s Dina Boluarte exhorts Congress to advance elections amid anger over deathsThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
Canadian baritone Brett Polegato talks about The (R)evolution of Steve Jobs, an opera that does not take the shine off the appleThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
PCE disinflationary but metals flat - rate hike nextKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Gold sentiment: room for more bullsKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Mercenary Musings Radio with Mickey Fulp: Copper's cloudy crystal ballKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Hedge funds add to their bullish bets on gold ahead of pivotal FOMC decisionKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »