Gold
is a precious metal and has high ductility as well as malleability,
mainly used as jewellery and for investment purposes globally. Gold
is currently oversold in a bearish market attributed to its
escalating high prices. Gold is considered as the safest bet for
investment in devious times of war and high inflation with currency
fluctuations. Recent rebellions and war events in the Middle Eastern
countries of Tunisia, Libya, Egypt, Syria and now Ukraine has led to
rise in investments in bullion. This has caused overselling of gold
and thus rapid increase in prices worldwide.
Rising
prices are expected to be a major factor driving the global gold
market as more and more consumers are purchasing gold as a mean of
long terms investments. Further, political instability and confidence
over bullion, as a secure investment with high returns, aid in
generating demand for gold. However, strikes, technical issues and
diminishing ore grades might hamper the market growth in the coming
years. Global gold supply is a mixture of mined gold, scrap recovery
and central-bank supply. More than half of gold supply worldwide
comes from mined gold. China is the largest producer of mined gold.
It overtook South Africa in terms of gold production volume in 2007.
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Gold
market can be segmented based on its end-use into three segments as
jewellery, investment and others. Jewellery market saw a considerable
decline between 2009 and 2011. The consumers had liquidated most of
their jewellery during this period owing to the economic downturn in
2008-09. However, the market saw a rise again in 2012 due to economic
recovery leading to gold’s rising prices. Jewellery market in China
has trebled over the last decade and is likely to continue the growth
trend with rising disposable income of the local population. Chinese
market accounted for more than a quarter of the global jewellery
market in 2013 according to the World Gold Council. Gold is
considered as a safe haven for investment which further aids the
market growth.
Asia
Pacific is the leading producer as well as consumer of gold with
major consumption in South East Asian countries. High growth in
India, China and South East Asian countries coupled with rising
disposable income of the general population is the major driver for
the growth of the market, in the region. Further, industrial demand
for gold especially in the electronics industry is expected to boost
market growth in Asia Pacific. China is leading the market and is
projected to increase its consumption to aid its high growth. The
Chinese middle class urban population with rising disposable income
has also increased investment in bullion as a quickly liquefiable
asset substituting savings in the banks. Europe is the fastest
growing region in terms of gold production with major production from
Russia. Leading gold producing countries in the world include
Australia, Brazil, Canada, Indonesia, Mexico, Peru, Papua New Guinea,
Russia, the US, and Uzbekistan.
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Some
of the key players in the gold market include AngloGold Ashanti,
Barrick Gold, Goldcorp Freeport McMoRan Copper & Gold Inc., Gold
Fields Limited, Goldcorp Inc., Gabriel Resources Limited, Harmony
Gold Mining Company Limited, Jinshan Gold Mines Inc., New Gold Inc.,
Newcrest Mining Limited, and Newmont Mining Corporation among others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North
America
Asia
Pacific
Europe
Rest
of the World
This
report provides comprehensive analysis of
Market
growth drivers
Factors
limiting market growth
Current
market trends
Market
structure
Market
projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
This
report provides pin-point analysis for changing competitive dynamics
It
provides a forward looking perspective on different factors driving
or restraining market growth
It
provides a technological growth map over time to understand the
industry growth rate
It
provides a seven-year forecast assessed on the basis of how the
market is predicted to grow
It
helps in understanding the key product segments and their future
It
provides pin point analysis of changing competition dynamics and
keeps you ahead of competitors
It
helps in making informed business decisions by having complete
insights of market and by making in-depth analysis of market segments
It
provides distinctive graphics and exemplified SWOT analysis of major
market segments
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