- Hedging interest of producers/miners.
- Above ground supply of gold from central bank's sale, reclaimed scrap, and official gold loans.
- World macroeconomic factors such as the US Dollar, interest rate and economic events.
- Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring.
- In India, gold demand is also determined to a large extent by its price level and volatility.
Global Scenario
London is the world’s biggest clearing house.New York is the home of gold futures trading.Zurich is a physical turntable.Istanbul, Dubai, Singapore, and Hong Kong are doorways to important consuming regions.Tokyo, where TOCOM sets the mood of Japan.
