Exchangergold news

Here are some recent news articles and updates related to the gold market:

Gold Prices

• Gold prices rose to a six-week high on Monday, driven by a weaker US dollar and concerns over global economic growth. (Source: Reuters)
• Gold prices fell 0.4% to $1,314.50 an ounce on Tuesday, as a stronger US dollar and rising bond yields weighed on the metal. (Source: Bloomberg)

Central Banks and Gold Reserves

• The Reserve Bank of India (RBI) has increased its gold reserves by 14.2 tonnes in the quarter ended June 2022, taking its total gold holdings to 618.4 tonnes. (Source: Business Standard)
• The People's Bank of China (PBOC) has increased its gold reserves by 33.8 tonnes in the quarter ended June 2022, taking its total gold holdings to 2,163.6 tonnes. (Source: Xinhua)

Gold Mining

• Newmont Goldcorp, the world's largest gold miner, has reported a 12% increase in gold production in the second quarter of 2022, driven by higher production at its Nevada operations. (Source: MarketWatch)
• AngloGold Ashanti, a South African gold miner, has reported a 10% increase in gold production in the second quarter of 2022, driven by higher production at its Mponeng mine. (Source: Mining Weekly)

Gold ETFs

• The SPDR Gold Shares ETF, the largest gold ETF, has seen a significant inflow of funds in recent weeks, with net inflows of $1.3 billion in the week ended August 12. (Source: ETF.com)
• The iShares Gold Trust ETF has seen a net inflow of $1.1 billion in the week ended August 12, its largest weekly inflow since March 2022. (Source: ETF.com)

Gold Jewelry

• The global gold jewelry market is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2027, driven by increasing demand in emerging markets. (Source: Grand View Research)
• The Indian gold jewelry market is expected to grow at a CAGR of 6.5% from 2022 to 2027, driven by increasing demand during festivals and weddings. (Source: ResearchAndMarkets)