Gold Market - Global Industry Analysis 2014 - 2020
Global
Gold Market: Overview
Gold is a precious metal which is highly ductile and malleable. As a
result of this, it is used for making jewelry and for investment
purpose across the globe. Due to the escalating prices of gold, it is
at present being oversold in the bearish market. In times of high
inflation, currency fluctuations, and geopolitical crisis, gold is
considered to be the safest investment. In countries such as Ukraine,
Syria, Egypt, Libya, and Tunisia, gold is sold lower than its actual
cost due to geopolitical strife and rebellion in these countries.
This report finds that the growth of the global gold market is likely
to be driven by the rising prices of gold across the world.
The research report provides an evaluation of the dynamics that are
anticipated to drive or restrain the growth of the market. It further
presents a comprehensive overview of the key segments of the global
gold market along with the share of various regions of the market.
The study presents an assessment of the elements at play in the
market along with the predominant trends. To present a clear picture
of the market, the study utilizes Porter’s five forces analysis and
provides an outlook of the competitive landscape of the global gold
market. A thorough evaluation of the strategies, products, and shares
of leading companies operating in the global gold market.
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Global
Gold Market: Trends and Opportunities
The purchase of gold is expected to rise as consumers are focusing on
long-term investments. As the confidence over bullion as a secure
mode of investment is rising, the demand for gold is also rising at
a considerable rate. However factors such as degrading ore grades,
technical issues, and strikes are anticipated to hamper the growth of
the global gold market. The global gold market is likely to be
affected by the fluctuating supply of mined gold as the global gold
production is a mix of scrap recovery, central bank supply, and mined
gold. More than half of the global gold supply comes from mined gold.
Presently, in terms of mined gold production, China is the leading
country. It overshadowed South Africa in 2007 in terms of production
of mined gold.
Based on end user, the global gold market is segmented into
investment, jewelry, and others. The jewelry market witnessed a
significant decline from 2009 to 2011 as many consumers liquidated
their jewelry due to the economic downturn in 2008 to 2009. However,
due to the increasing disposable income of consumers in emerging
economies, such as those in Asia Pacific, are likely to aid in the
recovery of gold prices and bode well for the market growth.
Global
Gold Market: Regional Outlook
Geographically, Asia Pacific emerged dominant in terms of production
as well as consumption of gold. The maximum consumption of gold in
the region was observed among South East Asian countries. The rising
industrial demand for gold from countries such as China, India, and
other South East Asian countries is expected to augment the growth of
the gold market in Asia Pacific. In terms of growth, Europe dominated
the market with Russia as the leading producer of gold in the region.
Other key gold producing countries are Uzbekistan, the U.S., Papua
New Guinea, Peru, Mexico, Indonesia, Canada, Brazil, and Australia.
Companies
Mentioned in the Report
Leading players operating in the global gold market are focusing on
capitalizing the opportunities arising in developing countries in
Asia Pacific. Some of the leading companies are New Gold Inc.,
Jinshan Gold, Harmony Gold Mining Company Limited, Gabriel Resources
Limited, Barrick Gold, and AngloGold Ashanti.
Browse the Full “Gold Market - Global Industry Analysis, Size,
Share, Trends and Forecast 2014 – 2020” Report at
:http://www.transparencymarketresearch.com/gold-market.html
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