Page 40 - Bullion World Issue 11 March 2022_Neat
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Bullion World | Issue 11 | March 2022
What is the Comex Gold Market
Signaling?
As reported last week, Comex January turned out to be extremely strong
in both gold and silver for a minor month. Most of that strength materialized
after First Position. February was looking modest in gold and weak in silver,
but the gold market is now showing outlier trends.
This analysis focuses on gold and silver delivery volume on the Comex. See
the article What is the Comex for more detail. The Comex results usually
start with silver, but the gold data needs to be highlighted first.
Data Source: https://www.cmegroup.com
Gold Demand from
Technology Sector
Staged Rapid
Recovery in 2021
The full-year gold demand in technology sector
staged rapid recovery in 2021, said the latest
Gold Demand Trends Report published by the
World Gold Council (WGC). The yearly demand
totalled 330t in 2021, 9% higher from 302.8t
recorded in 2020. All four quarters of the year
reported year-on-year surge in demand.
Source: https://www.scrapmonster.com
China's gold consumption
picks up in 2021
Gold consumption in China saw a robust rebound in 2021 as
demand further unleashed amid a stable economic recovery at
home, industry data showed.
The country's gold consumption totaled 1,120.9 tonnes last year,
an increase of 36.53% from a year ago, or up 11.78% compared
to that of 2019, according to data released by the China Gold
Association (CGA).
Source: http://www.china.org.cn
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