1 thought on “Analyze the current status and development of the gold market”
Leslie
—— The following data and analysis are from the "Analysis Report of the China Gold Industry Market Prospective and Investment Strategic Planning Analysis Report". The global gold jewelry demand is large gold resources are very precious, with low reserves in nature and relatively wide distribution worldwide. Australia, Russia, South Africa, the United States, Indonesia, Brazil, Peru, Peru , China, Canada, Uzbekistan, etc., the country with the most basic reserves that the world can detect gold resources can be found in the world. Among them, the basic reserves that can be controlled by gold resources in my country are 2,000 tons, ranking eighth in the world. Gold up with the dual characteristics of goods and financial instruments. Its demand can be divided into four categories: gold jewelry demand, investment in gold, the demand for the central bank, and the needs of industrial gold. From the perspective of the distribution of global gold demand, the proportion of gold jewelry demand and investment in gold is large. In 2019, the global gold jewelry demand was 2,07.04 tons, the demand for investment in investment was 12.717 million tons, and the demand and industrial gold demand for central banks were 650.32 tons and 326.62 tons, respectively. Global mineral gold is the main supply The supply of gold is mainly composed of mining production gold, regenerative gold, and hedging of production students. Among them, the production of gold on the mine is the main source of gold supply. In 2019, 3463.67 tons of gold produced by the global mine, accounting for 72.52%of the total supply of gold; the renewable gold output was 1304.11 tons, accounting for 27.30%of the total gold supply. If according to statistics from the US Geological Survey, the total global mineral gold output reached 3,300 tons in 2019, of which 10 countries with a total of over 100 tons of gold are China, Australia, Russia, the United States, Canada, Indonesia, Indonesia , Ghana, Peru, Mexico and Uzbekistan. The total gold output of these countries was about 2030.23 tons, accounting for 61.52%of the total global mining gold in 2019. Global gold prices have risen sharply 2005, international gold prices have continued to rise, and after September 2011 reached a historical high of $ 1,900/ounce, from mid -April 2013, international gold prices were $ 1,500/ Regional fluctuations between ounces to $ 1900/ounce. Since mid -April 2013, affected by factors such as the prospects of the global economic situation and the US monetary policy, international gold prices have fallen. On the left and right, the international gold prices have been shocked at about $ 1,100/ounce to $ 1,300/ounce. 2019, the international gold price opened at the beginning of the year at $ 1282.40/ounce, and the gold price began to break up from June. Essence The average international gold price in 2019 was $ 1395.60/ounce, an increase of 9.84%year -on -year. Asders to June 30, 2020, the global central bank launched a new round of easing policy, which reduced the cost of gold holding positions. Gold was sought after by the market as a tool for hedging inflation and risks. More risk aversion funds in the world entered gold. In the market, international gold prices reached 1732.43 US dollars/ounce, and international gold prices have entered a rapid rise channel. The most gold reserves in Shandong Province The regional distribution of gold resources in my country, the gold ore distribution in the eastern region is wide, and there are many types. From the perspective of gold ore resources, it is mainly rock gold. The proportion of gold with gold is large. It is difficult to choose metallurgical ore with higher metallurgical mines. According to the "China Golden Yearbook 2019", the 30 provinces (autonomous regions, municipalities) in my country in 2018 have gold to find out the report of resource reserves. Gold found that there are 18 provincial administrative regions with more than 200 tons of resource reserves. 12845.55 tons, accounting for 94.19%of the national gold found resource reserves, of which gold in Sichuan was found to be 458.40 tons, accounting for 3.36%of the national gold found resource reserves, ranking 11th. The gold market in my country's gold market has maintained a growth trend in recent years, but there is a certain degree of fluctuations. Among them, the highest gold consumption in 2013 reached 1176.40 tons. In 2019, my country's gold consumption was 1002.78 tons, a year -on -year decrease of 12.91%. In 2019, the decline in the actual consumption of gold in China was mainly affected by the increase in downward pressure on the economy. Domestic gold consumption was weak. Especially with the continuous increase of gold prices in the second half of the year, the decline in gold jewelry consumption has fallen, and it has not continued the year -on -year year -on -year year -on -year year -on -year year -on -year year -on -year year -on -year year -on -year Growth trend. Call consumption in my country mainly comes from gold jewelry, gold bars and gold coins, industrial and other gold, and other gold. In 2019, the amount of gold jewelry in my country was 676.23 tons, and the amount of gold and gold coins was 225.80 tons. Gold output has declined year after year. In recent years, with the state's introduction of environmental protection tax, resource tax policies, natural protection areas and other ecological function areas, the exit of mining rights in the ecological functional area The influence of factors such as management and depletion of mine resources, and some gold mine companies have reduced production or shutdown rectification. In 2017, the gold production declined for the first time since 2010. In 2017, the national gold output was 426.142 tons, compared with 2016, the reduction of 27.344 tons, a decrease of 6.03%year -on -year. In 2018, the national gold output was 401.119 tons, compared with 2017, the reduction of 25.023 tons, a decrease of 5.87%year -on -year. In 2019, the national gold output was 380.23 tons, compared with 2018, the reduction of 20.89 tons, a decrease of 5.21%year -on -year. Although the output continues to decline, China's gold production has ranked first in the world for 13 consecutive years. In recent years, the gold industry has actively responded to the requirements of high -quality development in the new era and deepened supply -side structural reforms. change. Ifly affected by changes in the exchange rate of the RMB, domestic gold prices are different from the time point of changes in international gold prices, but the overall trend of domestic gold prices is consistent with the overall trend of international gold price fluctuations. Judging from historical data, the price of gold was relatively stable before 2006, and the rise and fall was relatively small. After 2006, the price of gold has entered a rapid rise. Although it was affected by the 2008 global financial crisis, the overall rising trend was still rising. In September 2011, domestic AU99.95 gold prices rose to 396 yuan/gram. With the recovery of the US economy, the US dollar stronger, the price of gold began to call back, but it remained high. After entering 2013, the price of gold fell rapidly. In October 2014, the price of gold fell to the lowest point of 172.90 yuan/gram, and then hovered at the low point. After entering 2016, the price of gold in AU99.95 rose. It rose around 290 yuan/gram in July 2016. From September 2016 to December 2018, the price of gold was relatively stable, which was maintained at about 270 yuan/gram. 2019, the Shanghai Gold Exchange AU99.95 Gold opened the market at 283.80 yuan/gram at the beginning of the year. On August 29, 2019 and September 5, 2019, it reached the highest point of 360.00 yuan/gram. The annual average price is 308.84 yuan/gram.
—— The following data and analysis are from the "Analysis Report of the China Gold Industry Market Prospective and Investment Strategic Planning Analysis Report".
The global gold jewelry demand is large
gold resources are very precious, with low reserves in nature and relatively wide distribution worldwide. Australia, Russia, South Africa, the United States, Indonesia, Brazil, Peru, Peru , China, Canada, Uzbekistan, etc., the country with the most basic reserves that the world can detect gold resources can be found in the world. Among them, the basic reserves that can be controlled by gold resources in my country are 2,000 tons, ranking eighth in the world.
Gold up with the dual characteristics of goods and financial instruments. Its demand can be divided into four categories: gold jewelry demand, investment in gold, the demand for the central bank, and the needs of industrial gold. From the perspective of the distribution of global gold demand, the proportion of gold jewelry demand and investment in gold is large. In 2019, the global gold jewelry demand was 2,07.04 tons, the demand for investment in investment was 12.717 million tons, and the demand and industrial gold demand for central banks were 650.32 tons and 326.62 tons, respectively.
Global mineral gold is the main supply
The supply of gold is mainly composed of mining production gold, regenerative gold, and hedging of production students. Among them, the production of gold on the mine is the main source of gold supply. In 2019, 3463.67 tons of gold produced by the global mine, accounting for 72.52%of the total supply of gold; the renewable gold output was 1304.11 tons, accounting for 27.30%of the total gold supply.
If according to statistics from the US Geological Survey, the total global mineral gold output reached 3,300 tons in 2019, of which 10 countries with a total of over 100 tons of gold are China, Australia, Russia, the United States, Canada, Indonesia, Indonesia , Ghana, Peru, Mexico and Uzbekistan. The total gold output of these countries was about 2030.23 tons, accounting for 61.52%of the total global mining gold in 2019.
Global gold prices have risen sharply
2005, international gold prices have continued to rise, and after September 2011 reached a historical high of $ 1,900/ounce, from mid -April 2013, international gold prices were $ 1,500/ Regional fluctuations between ounces to $ 1900/ounce. Since mid -April 2013, affected by factors such as the prospects of the global economic situation and the US monetary policy, international gold prices have fallen. On the left and right, the international gold prices have been shocked at about $ 1,100/ounce to $ 1,300/ounce.
2019, the international gold price opened at the beginning of the year at $ 1282.40/ounce, and the gold price began to break up from June. Essence The average international gold price in 2019 was $ 1395.60/ounce, an increase of 9.84%year -on -year.
Asders to June 30, 2020, the global central bank launched a new round of easing policy, which reduced the cost of gold holding positions. Gold was sought after by the market as a tool for hedging inflation and risks. More risk aversion funds in the world entered gold. In the market, international gold prices reached 1732.43 US dollars/ounce, and international gold prices have entered a rapid rise channel.
The most gold reserves in Shandong Province
The regional distribution of gold resources in my country, the gold ore distribution in the eastern region is wide, and there are many types. From the perspective of gold ore resources, it is mainly rock gold. The proportion of gold with gold is large. It is difficult to choose metallurgical ore with higher metallurgical mines. According to the "China Golden Yearbook 2019", the 30 provinces (autonomous regions, municipalities) in my country in 2018 have gold to find out the report of resource reserves. Gold found that there are 18 provincial administrative regions with more than 200 tons of resource reserves. 12845.55 tons, accounting for 94.19%of the national gold found resource reserves, of which gold in Sichuan was found to be 458.40 tons, accounting for 3.36%of the national gold found resource reserves, ranking 11th.
The gold market in my country's gold market has maintained a growth trend in recent years, but there is a certain degree of fluctuations. Among them, the highest gold consumption in 2013 reached 1176.40 tons. In 2019, my country's gold consumption was 1002.78 tons, a year -on -year decrease of 12.91%. In 2019, the decline in the actual consumption of gold in China was mainly affected by the increase in downward pressure on the economy. Domestic gold consumption was weak. Especially with the continuous increase of gold prices in the second half of the year, the decline in gold jewelry consumption has fallen, and it has not continued the year -on -year year -on -year year -on -year year -on -year year -on -year year -on -year year -on -year year -on -year Growth trend.
Call consumption in my country mainly comes from gold jewelry, gold bars and gold coins, industrial and other gold, and other gold. In 2019, the amount of gold jewelry in my country was 676.23 tons, and the amount of gold and gold coins was 225.80 tons.
Gold output has declined year after year.
In recent years, with the state's introduction of environmental protection tax, resource tax policies, natural protection areas and other ecological function areas, the exit of mining rights in the ecological functional area The influence of factors such as management and depletion of mine resources, and some gold mine companies have reduced production or shutdown rectification. In 2017, the gold production declined for the first time since 2010. In 2017, the national gold output was 426.142 tons, compared with 2016, the reduction of 27.344 tons, a decrease of 6.03%year -on -year. In 2018, the national gold output was 401.119 tons, compared with 2017, the reduction of 25.023 tons, a decrease of 5.87%year -on -year. In 2019, the national gold output was 380.23 tons, compared with 2018, the reduction of 20.89 tons, a decrease of 5.21%year -on -year. Although the output continues to decline, China's gold production has ranked first in the world for 13 consecutive years. In recent years, the gold industry has actively responded to the requirements of high -quality development in the new era and deepened supply -side structural reforms. change.
Ifly affected by changes in the exchange rate of the RMB, domestic gold prices are different from the time point of changes in international gold prices, but the overall trend of domestic gold prices is consistent with the overall trend of international gold price fluctuations. Judging from historical data, the price of gold was relatively stable before 2006, and the rise and fall was relatively small. After 2006, the price of gold has entered a rapid rise. Although it was affected by the 2008 global financial crisis, the overall rising trend was still rising. In September 2011, domestic AU99.95 gold prices rose to 396 yuan/gram. With the recovery of the US economy, the US dollar stronger, the price of gold began to call back, but it remained high. After entering 2013, the price of gold fell rapidly. In October 2014, the price of gold fell to the lowest point of 172.90 yuan/gram, and then hovered at the low point. After entering 2016, the price of gold in AU99.95 rose. It rose around 290 yuan/gram in July 2016. From September 2016 to December 2018, the price of gold was relatively stable, which was maintained at about 270 yuan/gram.
2019, the Shanghai Gold Exchange AU99.95 Gold opened the market at 283.80 yuan/gram at the beginning of the year. On August 29, 2019 and September 5, 2019, it reached the highest point of 360.00 yuan/gram. The annual average price is 308.84 yuan/gram.