28 April 2014 - China continues on path as world's gold giant

28 April 2014 - China continues on path as world's gold giant
28 April 2014 - 印度将在5月初迎来重大节日或为实物黄金机会
28 April 2014 - Gold at 1-1/2 week high as Ukraine tensions drive safe-haven bids
28 April 2014 - 抗通胀易兑现　黄金买家年轻化

Posted: 28 Apr 2014 02:31 AM PDT

From: http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140427000025&cid=1202&MainCatID=12

Staff Reporter 2014-04-27 09:59 (GMT+8)

Since China's demand for gold set a record high in 2013 and the country became the world's largest gold market, demand in China's gold market has been under the global spotlight, according to the Chinese-language Global Entrepreneur.

The World Gold Council said in a report regarding the prospects of China's gold market that gold demand in China will continue to post strong growth during the next four years. Further, the private purchase of gold is likely to increase from the current 1,132 tons to at least 1,350 tons in 2017, which is close to a third of the global gold reserve.

Demand for gold accessories is the main catalyst for the growth in gold sales.

China has become the world's largest market for gold accessories, with demand growing nearly three-fold over the past decade. In 2013, demand in China was 669 tons, taking up 30% of the global demand, and is estimated to continue increasing to at least 780 tons in 2017, said the report.

In addition, China's gold demand in the electronics sector has posted moderate growth. It rose from 16 tons in 2003 to 66 tons in 2013.

The World Gold Council report pointed out that China's new middle class is expected to surge by 60% to 200 million, pushing the total number of the middle class to 500 million. The 'new rich' in the middle class, who are interested in purchasing gold, has already exceeded the total population of the United States.

Income among mainland Chinese residents continue to increase, along with considerable personal savings. These coupled with rapid new urbanization promise continued strong growth for the country's gold investments.

China has become the world's largest production base for gold, with its gold production jumping from 217 tons to 437 tons during the past decade, equivalent to 10% of the worldwide gold production.

Source: http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140427000025&cid=1202&MainCatID=12

28 April 2014 - 印度将在5月初迎来重大节日或为实物黄金机会

Posted: 28 Apr 2014 02:22 AM PDT

From: http://gold.hexun.com/2014-04-28/164311941.html

2014年04月28日07:56 来源：中国黄金网

印度即将迎来重大节日，这对实物黄金将是个很好的机会，对国际金价也将提供支撑。

印度将在5月2日迎来吠舍节，此外，印度的5月也是传统上的婚礼季，这很可能会促进黄金消费大国印度的黄金需求量。

CPM集团的高级商品分析师Rohit Savant说："这在传统上是印度购买的旺季，因为季节而起来的实物需求后，可能价格下行就比较有限了。"

不过Savant也认为，光是一个节日对黄金来说是不够的。

American Precious Metals Advisors的总经理Jeffrey Nichols说："过去几年节日对价格有显著影响，但印度的黄金进口限制还在。"去年为控制经常账户赤字，印度队黄金进口采取了限制措施。

Nichols认为，一旦印度政府放松对黄金进口的限制，需求会有很大推动，"但目前来看，消费量收到进口限制的影响。"他认为进口和实物黄金才会影响国际金价，"但那在接下去一两周不会有太大改善。

临近节日，印度国内的黄金升水已经有所上涨，到了大约110美元/盎司的水平，是今年2月以来最高的。Nichols认为，下周升水还将继续上涨。

此外，剧汤普森路透的高级分析师Erica Rannestad称，尽管进口限制仍在，但临近节日，一些印度珠宝商称销售量已经比去年第四季度上升了9%至13%。

"实物需求的增加会在接下去几周对金价下跌有所限制，"Rannestad说，"一般来说节日带来会有一些增加的消费量。不过由于有进口限制，这使得印度的购买情况对国际金价的影响变得更复杂。"

另外，Rannestad认为，随着进口限制的维持，印度国内的黄金走私活动变得越来越熟练。

印度大选将在5月12日结束，外界普遍预期大选后新当选的政府将放松进口限制措施。

不过Savant认为新政府不会完全放松进口限制，并认为如果结果对某一政党倾向明显，那么可能限制被很快放松，反之，如果结果焦灼，那么将需要很多时间。

Source: http://gold.hexun.com/2014-04-28/164311941.html

28 April 2014 - Gold at 1-1/2 week high as Ukraine tensions drive safe-haven bids

Posted: 28 Apr 2014 02:04 AM PDT

From: http://in.reuters.com/article/2014/04/28/markets-precious-idINKBN0DE04H20140428?rpc=401&feedType=RSS&feedName=businessNews&rpc=401

BY A. ANANTHALAKSHMI

SINGAPORE Mon Apr 28, 2014 9:28am IST

(Reuters) - Gold climbed to its highest in 1-1/2 weeks on Monday, steadying above $1,300 an ounce as weaker equities and escalating geopolitical tensions in Ukraine boosted the metal's safe-haven appeal.

Traders were cautious about the price gains as they said the tensions could be short-lived and that outflows from gold-backed exchange traded funds had only paused, rather than reversing.

They were also waiting for U.S. nonfarm payrolls report and the Federal Reserve's policy meeting later in the week for stronger trading cues.

"While the price break over $1,300 may be construed as positive for the bullion market, gains that have historically been boosted by bouts of rising geopolitical tensions tends to be fleeting and can be erased just as fast as they materialize," HSBC analysts said in a note.

Spot gold had risen 0.07 percent to $1,303.80 an ounce by 0327 GMT, after earlier hitting $1,306.11 - its highest since April 16.

Pro-Russian rebels paraded European monitors they are holding in eastern Ukraine, freeing one but saying they had no plans to release another seven as the United States and Europe prepared new sanctions against Moscow.

The rising tensions sent risk-averse investors scurrying out of global equities, and into safe-havens such as gold.

Investor sentiment towards gold has improved in recent days. Hedge funds and money managers raised their bullish bets in gold and silver futures and options, their first increase in five weeks, according to data from the Commodity Futures Trading Commission on Friday.

SPDR Gold Trust, the world's biggest bullion ETF, has not seen any outflows since April 22 though it hasn't seen any inflows either.

Markets are eyeing the Fed's policy statement on Wednesday and a U.S. jobs report on Friday to gauge the strength of the economy and the outlook for the U.S. central bank's stimulus measures.

In the physical market, premiums in India - the world's second biggest gold consumer - jumped to their highest level in more than 2-1/2 months due to short supplies.

Platinum and palladium gained as violence erupted in South Africa's strike-hit platinum belt on Sunday.

However, the end game to the 13-week strike seemed to be drawing near after the producers said they would take their latest wage offer directly to employees.

Source: http://in.reuters.com/article/2014/04/28/markets-precious-idINKBN0DE04H20140428 rpc=401&feedType=RSS&feedName=businessNews&rpc=401

28 April 2014 - 抗通胀易兑现　黄金买家年轻化

Posted: 28 Apr 2014 01:54 AM PDT

From: http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=113559:&Itemid=242

2014年4月26日 ; 林艾萱报导

（峇株巴辖26日讯）华裔对黄金的偏好受传统观念影响由来已久，基于黄金具有良好保值抗通胀功能，同时也可快速兑现，近年来一些资金充裕的年轻人也开始转向购买黄金保值，出现黄金投资年轻化的趋势。

华裔传统上都喜欢购买黄金保值，无论黄金价格高低，都有不少人对黄金趋之若鶩。

前马来西亚金鉆珠宝商公会联合总会总会长拿督吴逸平分析，这是因黄金拥有一定的避险功能，有很好抵御通胀的作用。

他说，没有只涨不跌的市场，能保值抗通胀的黄金也不例外，惟他还是看好黄金市场的未来整体走势。

「对于一些长期购买黄金保值的人士，都会趁黄金低价时购入，目前黄金的最大客户群是30岁以上者居多。」

多元投资避风险

吴逸平是在接受《东方日报》访问时分析，黄金价格在2011年曾一度走势强劲，黄金价每克是190令吉至200令吉。今年，黄金价格则恢復至160令吉至170令吉。

「目前通货膨胀，百物上涨，货幣也越来越贬值。购买黄金绝对是一个很好的保值和抗通胀的物品。」

「这是基于黄金原材料日益稀少，生產成本逐年增加，导致黄金的价格很难再往下掉，目前的金价是属处于一个合理的购入价格。」

吴逸平说，若以投资角度来探討，投资组合应尽量多元化以避开风险，比如有地產、股票、基金等，作为保值及最易兑现的黄金也可以是投资组合的一员。

「金价会隨著全球经济波动而有起有落，但隨著通货膨胀及成本增加，黄金至今依然是最好抗通胀的保值產品，也適合于用来作为长期性投资。」

长期购买　获利不少

柔中金鉆珠宝商公会会长范文家表示，黄金是適合一些希望长期保值，又可尽速换取现金的人士，它同时也是家庭长线保值较理想的產品。

「近年来一些资金充裕的年轻人，也开始转向购买黄金保值，促使呈现出黄金投资年轻化的趋势，因黄金是最容易购买也隨时可以兑现，这比股票產业更来得容易。」

他透露，很多老一辈都比较倾向购买黄金收藏，不少人更从黄金升值中受益。在过去30年，黄金每克价格仅20余令吉，现在则高达160吉至200令吉，一些长期购买黄金收藏的人，已从中获利不少。

跌势不会太大

范文家指出，以黄金这几年来的走势，依然是属于稳定的抗通胀商品。

「黄金生產成本已从数年前的每盎司500美元（约1630令吉）上涨至800美元（约2680令吉）至1200美元（约3912令吉），生產成本对金价的起伏也有著一定的影响，未来的人工成本只有增加，很难下滑，这意味著未来金价跌势都不会太大。」

Source: http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=113559:&Itemid=242

28 April 2014 - China continues on path as world's gold giant

28 April 2014 - China continues on path as world's gold giant

0 Comment for "28 April 2014 - China continues on path as world's gold giant"

Popular Posts