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Top related persons:
Denis Balibouse - 1 Louise Street - 1 Polina Devitt - 1 Jan Harvey - 1
Top related locs:
Mendrisio Switzerland Central Europe
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REUTERS - 1 Gold Council - 1 Gold - 1 Thomson - 1

Search resuls for: "Louise Street"


3 mentions found


☆ Gold demand down with lower central bank buying in Q3, WGC says
  + stars: | 2023-10-31 | by ( Polina Devitt | Thomson Reuters | Reuters Metals Correspondent In London | ) www.reuters.com   time to read: +2 min
REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsLONDON, Oct 31 (Reuters) - Global gold demand excluding over-the-counter (OTC) trading slipped 6% in the third quarter as central bank buying fell short of last year's record levels and consumption by jewellers declined, the World Gold Council (WGC) said on Tuesday. Gold demand shot to an 11-year high in 2022 due to the biggest central bank purchases on record. "With geopolitical tensions on the rise and an expectation for continued robust central bank buying, gold demand may surprise to the upside," said Louise Street, senior markets analyst at the WGC. Central bank demand totalled 337.1 tons, down from a record 458.8 tons a year before. QUARTERLY GOLD SUPPLY AND DEMAND (tonnes)** Source: World Gold Council, Gold Demand Trends Q3 2023Reporting by Polina Devitt; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, Louise Street, Polina Devitt, Jan Harvey Organizations: REUTERS, Gold Council, Gold, Thomson Locations: Mendrisio, Switzerland, Central, Europe
☆ Central bank gold demand hits first-quarter record, investments surge on U.S. banking turmoil
  + stars: | 2023-05-05 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
The process of crafting gold is seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Demand for gold among central banks notched a first-quarter record high in the three months to the end of March as overall global demand painted an otherwise "mixed picture," according to the World Gold Council. Total gold demand, however, was up 1% from the first quarter of 2022 thanks to a recovery in the OTC market. Louise Street, senior market analyst at the World Gold Council, told CNBC on Thursday that this was a continuation of trends that saw central bank gold buying soar to an 11-year high in 2022. The WGC expects demand among central banks to moderate this year after 2022's spike, though noted that where previous buying had been concentrated in developing markets, more developed financial centers were now increasing their demand.
☆ Record central bank buying lifts global gold demand, WGC says
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 1 (Reuters) - Central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, helping to lift global demand for the metal, the World Gold Council (WGC) said on Tuesday. In total, the world's gold demand amounted to 1,181 tonnes in July-September, up 28% from 922 in the same period in 2021, the WGC said. Among large buyers were the central banks of Turkey, Uzbekistan, Qatar and India. "Looking ahead, we anticipate central bank buying and retail investment to remain strong," said WGC analyst Louise Street. GOLD DEMAND (tonnes)** Source: World Gold Council, Gold Demand Trends Q3 2022Reporting by Peter Hobson Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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