Kamis, 14 April 2011

FACTBOX-Gold and silver market

Jewelry buying recovered after weak 2009, while the total supply of my roses. The following are the main conclusions of the report.
* Total supply of gold rose to touch 4,334 tonnes last year from 4,318 tons in the year before, to lift 100-ton increase in my proposal. Scrap and official sector sales fell.
* In 2010, mined gold production rose to 2,689 tonnes from 2,589 tonnes a year earlier, its third consecutive year of benefits and the high year, at least 1998.
* China was the largest gold miner in the world last year, 351 tons, and then Australia, which is determined by the 261 tons of gold.
* The United States was third, production of 234 tons, and Russia has overtaken South Africa as the number four miner with 203.4 thousand tons. South African production fell by 7,5 percent 203.3 tons last year.
* Central banks become net buyers of gold last year, buying 73 tons. At the peak sales year of the last decade, in 2005 they sold 663 tons of gold, and sold 34 tons in 2009.
* Sales of gold scrap were at high levels, reaching 1,645 tons in 2010, although this was lower than in 2009 an extremely high level of 1,695 tons.
* The United States was one of the largest seller of scrap gold back on the market, with 143 tons of sales. China has sold 138.2 tons of scrap gold, while Turkey sold 122 tonnes.
DEMAND
* The influx of investments in gold exchange-traded fund supported decreased to 338 tons last year from 617 tons in 2009. This was more than outweighed by increasing demand for coins and bars, however.
* Physical investments jumped bar by two-thirds to 880 tons in 2010 from a year earlier, to date, the highest figure over the past 10 years and more than three times the rate recorded five years ago.

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