Gfms formally gold fields mineral services are research and consultancy company for the precious metal markets. Jul 05, 2018 2018 could be another strong year for central bank gold demand. The information contained herein is based in part on the analysis of publicly available data such as hallmarking series, trade statistics. Silver market update march 2020 refinitiv gfms gold survey h2 2019 update. Usgs estimated data at 2017, nma, ministry of mining and energy of argentina, cochilco gfms gold survey 2016 and 2017, metals focus 20172018. Gfms surveys and forecasts, and the mine economics database provided.
It contains the only truly global analysis of the worlds silver markets and has been produced by thomson reuters gfms, the londonbased analysts of global precious metals markets, on behalf of the silver institute in washington dc since 1994. Seemingly unfettered by the remarkable scale of purchases since the start of 2018, central bank buying totalled a healthy 156. The newly released thomson reuters gfms platinum group metals survey 2018 states that autocatalyst scrap recorded healthy 5% yearonyear growth in 2017. Silver, gold and base metals prices 200 220 silver 180 0 0 tin 140 160 a n 101 nickel 120 n dex j copper gold 80 i 100 zinc 60 jan10 aprp10 jul10 oct10 jan11 source. The survey was conducted by gfms, gold fields mineral. Elevated gold prices for 2019 amid renewed investor interest. Gfms analysts say they expect gold to deliver its strongest annual price performance in five years during 2018 in its gold survey 2018 report released today, gfms analysts said political uncertainty will drive investment in gold bars and bullionbacked investment funds. Round tripping gold survey 2014, page 88 gold survey 2015, page 78, 82 chinese commercial bank assets to back investment products. Interactive map is the most direct visual way to see the key factors that affect. H1 update and outlook 25th july 2019 gfms gold survey 2019. While things might be looking a bit better for the red metal, the firm is still forecasting a surplus for this year, and expects. South africas gold production has plummeted 85% over the past four decades, with the country now ranked as the worlds eighthbiggest gold producer, according to information services firm thomson reuters gfms gold survey 2018. A 2018 interim silver survey conducted on behalf of the silver institute projects a surplus of the precious metal for the calendar year.
Last year official sector activity rose 36 percent to. As well as other commodities, they research gold, silver, platinum, palladium, and copper trading. On a ytd basis, central bank net purchases totalled 547. Top 10 countries with largest gold reserves july 6, 2018 by frank holmes of u. Q4 update and outlook january 2018 acknowledgements the estimates shown in gfms platinum group metals survey for the main components of mine production, scrap, fabrication, investment and stock movements are calculated on the basis of a detailed supplydemand. Gold news gfms gold survey 2018 how does the year ahead. Gfms gold survey 2018 tonnes africa south africa ghana dem. It is also the first annual drop since 2008, and the. Central banks gold demand trends q3 2019 world gold council.
Precious metal gold equivalent aueq total cash costoz production including 5% royalties using industry standard base metal by product credits of. This ratio tracks the prices of these metals relative to each other and can indicate when one is potentially cheaper or more expensive than usual. Elevated gold prices for 2019 amid renewed investor. Get more data and read the full gold demand trends report here.
The cover of gold survey 20 is sponsored by the following companies. The annual gfms gold survey is one of the most awaited and respected reports about the gold market. The gfms 2018 gold survey is sponsored by tanaka precious metals and valcambi suisse. This is the twentyeigth annual edition of the world silver survey produced for the silver institute. In its gold survey 2018 report released today, gfms analysts said political uncertainty will drive investment in gold bars and bullionbacked investment funds. The silver institute has since 1990 published world silver survey, an annual report on the global silver market. The survey provides market participants with supply and demand statistics for key sectors of the silver market, as well price and trade data.
The higher levels of imports, and withdrawals, are boosted by a number of factors, but notably by golds use as an asset class and the requirement for commercial banks to hold physical gold to support. Gfms publishes new platinum group metals survey 2018 report. Reports are available immediately on release in the original pdf format and. Gfms projects gold to deliver best annual price performance. Gfms independent analysis and research into the metals markets, outlooks. Thomson reuters gfms, one of the leading consultancy firms regarding precious metals supply and demand data has recently released the gfms gold survey 2014 update 2 in the report, gfms has effectively double counted shfe gold trading volume. Global investors beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. The goldtosilver ratio is a commonly cited figure that represents the amount of silver required to purchase one ounce of gold. It contains the only truly global analysis of the worlds silver markets and has been produced by thomson reuters gfms, the londonbased analysts of global precious metals markets, on.
According to the gfms team, 2016 can be viewed in many respects as the. Gfms is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary. Gold demand up, although supply also stronger research 09 november 2018. Thomson reuters gfms, one of the leading consultancy firms regarding precious metals supply and. Total cash cost as defined by the gold institute thomson reuters gfmss gold survey 2019 h1. Outside back cover 210mm front cover 210mm spine 3. At the end of march, thomson reuters gfms released its gold survey 2016, looking at the developments in the global gold market and the future of gold prices. This week, thomson reuters gfms released its annual copper survey. May 08, 2018 gfms analysts say they expect gold to deliver its strongest annual price performance in five years during 2018. Strong price performance is predicted for the gold in 2018.
World silver survey 2019 11th new york april 2019 11th dubai april 2019 12th mexico city april 2019 gfms gold survey 2019. Thomson reuters gfms, one of the leading consultancy firms. Theres no real consensus among analysts about the direction and price of gold in this years survey. Show full abstract of gold, silver, and palladium were concentrated in ground products of less than 2 mm size, although about 80 % of platinum remained in the products of size greater than 2 mm. Gold survey 20 prepared by thomson reuters gfms gold survey 20 thom so n reuters gfms. The cover of gfms gold survey 2014 features japans fujiyama covered with. Top 10 countries with largest gold reserves forbes. Our data allows you to grasp where the market is, where it has been, and ultimately where it is likely to go next.
World silver survey 2017 11th may 2017 gfms gold survey 2017. Usgs estimated data at 2017, nma, ministry of mining and energy of argentina, cochilco gfms gold survey 2016 and 2017, metals focus 2017 2018. Q3 update and outlook october 2017 gfms gold survey 2017. Since we have previously summarized last years developments in the gold market, we are going to focus on the price outlook for 2016. H2 update and outlook 29th january 2020 acknowledgements the estimates shown in gfms, refinitiv platinum group metals survey for the main. The gfms gold survey 2016 and its quarterly updates have been kindly. The gold tosilver ratio is a commonly cited figure that represents the amount of silver required to purchase one ounce of gold. Mine production saw fractional growth to 770t, with future growth expected to be driven by brownfield projects. Thomson reuters is one of the best sources of information for businesses and professionals, and its gfms team is the worlds leading consultant in precious metals.
This figure is down 5 tonnes from the previous year and marks the first annual drop since 2008, according to the gfms gold survey 2018. Thanks to ongoing political uncertainty, gold is expected to reach an annual price performance that has not been seen since 20, gfms said in its gold survey 2018 report released on tuesday may 8. Bulls to the left of me, bears to the right, here i am. Gold seen at highest annual price for five years in 2018. In 2017, global gold mine production was a reported 3,247 tonnes. It was the best of times, it was the worst of times, it was. Silver climbs to precrisis levels as industrial demand rises. In its latest gold survey 2018, the gfms metals research team a unit of thomson reuters, noted that the yellow metal will deliver its strongest annua.
Valcambi is a leader in precious metals refining and operates one of the worlds largest and most efficient integrated precious metals plants situated on a 33 hectare site, at balerna, switzerland. Jun 26, 2019 in 2018, global gold mine production was a reported 3,332 tonnes. Gfms surveys and forecasts, and the mine economics database provided via the thomson reuters eikon platform reports. The world silver survey 2018 was produced by the gfms team of metals market analysts at thomson reuters. Although 38% lower than the same period last year, this is due to q3 2018 seeing the highest level of quarterly net purchases since 2010. It was the best of times, it was the worst of times, it. Q4 update and outlook january 2018 acknowledgements the estimates shown in gfms platinum group metals survey for the. At the end of march, thomson reuters gfms released its gold survey 2017, looking at the developments in the global gold market and the future of gold prices. This figure is up 2 percent from the previous year and is the largest yearoveryear growth in the last four years, according to the gfms gold survey 2019. Latest gfms gold survey reports record 20 gold production. Gold prices started 2018 on an upbeat note, benefiting from a sinking dollar on softer economic data and concerns that the united states may pull. Central banks gold demand trends q3 2019 world gold.
Gfms gold survey 2019 may 2019 2019 base metals report april 2019 world silver survey april 2019 gold survey 2018. This is the second successive year of growth, with recycling touching a new record high for platinum at 1. According to the world gold councilwgc, demand in the first quarter was up 42% yearoveryear, with purchases totaling 116. Global gold mine production reached a total of 3,247 tons in 2017, five tons below the previous year, according to the gfms gold survey 2018. See the commodities supply chain in action, right before your eyes from extraction, production to transportation. The gfms metals research team released its world gold survey, predicting an annual gold price performance that has not been seen in five.
But how much gold is the world digging up each year and what countries produce the most. The countrys gold mines are the deepest in the world and their depleting orebodies are becoming increasingly. Gold seen at highest annual price for five years in 2018 gfms. Looking for online definition of gfms or what gfms stands for. Gfms reports chinese gold trade volume incorrect by 100%.