Total Gold demand increased by 2% in 2016, mostly driven by ETF demand. In fact, ETF demand accounted for more than 100% of the increase. All other sectors saw a decline in demand. The worst was jewellery demand that declined rapidly in the first 3 quarters, but picked up again in the fourth quarter. Highlights
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Technical analysis research from award winning international company, Trading Central, is available to Sanlam iTrade clients at no extra cost. This week we highlight Anglo American Plc, code AGL on the JSE or AAL:xlon for the London Stock Exchange listed version on our iTradeGlobal platform. When you click on Trading Central Research under Markets/Data/Research you
The World Gold Council released their Gold Supply and Demand report today. We already know the US$ gold price appreciated by 17% in the first quarter of 2016. Now we know that this drive was almost entirely caused by a massive demand for Gold ETFs. Inflows into ETFs of 360 tonnes were the highest since
After today’s budget talks, here’s a handy SARS Tax Guide for 2016.
The Gold price had a spectacular rally of 18% in less than two months from $1,050 to $1,240. Yesterday’s $40 move made everybody take note. Let’s take a step back and look at the World Gold Council’s (WGC) statistics for the 4th quarter of 2015 that were published yesterday. After declines in the first half-year,
