{"id":45628,"date":"2023-08-02T09:38:00","date_gmt":"2023-08-02T07:38:00","guid":{"rendered":"https:\/\/www.11onze.cat\/magazine\/or-puja-54-primer-semestre-any\/"},"modified":"2023-08-02T09:48:37","modified_gmt":"2023-08-02T07:48:37","slug":"gold-up-by-5-4-through-first-half-2023","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/gold-up-by-5-4-through-first-half-2023\/","title":{"rendered":"Gold up by 5.4% through the first half of 2023"},"content":{"rendered":"
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Continued purchases of gold by central banks and its attractiveness as a safe-haven asset have helped the precious metal to increase in value by 5.4% in the first half of the year, outperforming most other major assets, except for exchange-traded funds (ETFs).<\/b><\/h3>\n

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The second quarter saw a continuation of the positive trend in central bank purchases of gold, although the pace of purchases slowed. The pick-up in investment activity and continued demand from the jewellery sector contributed to a favourable context for the increase in value of this precious metal: <\/span>5.4% in the last six months and around 15% in the last twelve months<\/b>.<\/span><\/p>\n

In this sense, gold not only <\/span>brought positive returns to investors’ portfolios and diversification in central banks’ reserves <\/b>but also cushioned the volatility experienced throughout the first half of the year, especially during the banking debacle in March.<\/span><\/p>\n

These are the main conclusions drawn from the <\/span>data<\/span><\/a> presented in the World Gold Council’s report on gold demand this year. The gold price has been volatile during the first half of 2023, but it has been<\/span> the only commodity with a positive performance apart from lithium<\/b>, which has also risen in value thanks to the strong demand for electric vehicles.<\/span><\/p>\n

Persistent uncertainty in the global economic outlook and changes in central banks’ monetary policies are among the main factors that have affected gold demand over the past six months. Growth in <\/span>demand has been focused on the jewellery and technology sectors, while we\u2019ve seen a slight decline in the popularity of exchange-traded funds <\/b>(ETFs). This has boosted total gold production, which increased by 7% year-on-year to 1,255 tonnes.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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