2 thoughts on “Gold trends analysis”

  1. China Gold Production
    In statistics from the "Golden Industry Market Prospective and Investment Strategic Planning Analysis Report" released by the Institute of Foresight Industry Research Institute shows that in the first quarter of 2018, a total of 98.216 tons of domestic production was produced. Compared with the same period last year, the production was reduced by 2.981 Tons, a year -on -year decrease of 2.95%. Among them, the gold mineral gold was completed with 80.807 tons, and the non -ferrous by -yield gold was 17.409 tons. In addition, there were 15.608 tons of foreign imported raw materials, an increase of 49.12%year -on -year, and a total of 113.824 tons of production of gold (including imported materials) nationwide, an increase of 1.93%year -on -year.
    The gold consumption of China
    2018, the actual consumption of gold in the country was 284.97 tons, a decrease of 5.44%compared with the same period last year. Among them: 80.50 tons of gold jewelry, an increase of 5.60%year -on -year; 73.28 tons of gold bars, a year -on -year decrease of 27.58%; gold coins 2.70 tons, an increase of 8.00%year -on -year; industrial and other 28.49 tons, an increase of 6.58%year -on -year. Gold jewelry consumption continues to grow, while gold bars sales have fallen.
    Gold prices
    2018, the US dollar softened and the gold price rose. The international gold price opened at the beginning of the year at the beginning of the year at $ 1032.70/ounce, and closed at $ 1324.95 per ounce at the end of March. The average price in the first quarter was $ 1330.06/ounce, an increase of 9.06%over $ 1219.55/ounce in the same period in 2017.
    has fallen below the important support level of $ 1527.12/ounce since April 2013, and the price of gold is stabilizing above $ 1,300/ounce. However, due to the appreciation of the renminbi, the domestic Shanghai Gold Exchange's golden price was collected in the shock range in the first quarter. In the first quarter of 2018, AU9999 Gold opened at 274.00 yuan/gram at the beginning of the year, and closed at 270.56 yuan/gram at the end of March. The average quarterly price was 273.43 yuan/gram, an increase of 0.03%over 273.35 yuan/gram in the same period in 2017, which was basically flat.

Leave a Comment

Shopping Cart