Increased market uncertainty and expansion of protectionist economic policies will make gold increasingly attractive as a hedge in 2019, says the latest report by the World Gold Council (WGC), adding that structural economic reforms in key markets will continue to support demand for gold in jewelry, technology and as means of savings in the year.
important observations made:
Performance of financial markets, monetary policy in key economies including India, and the dollar movement will determine gold demand in 2019.
Since gold is considered a safe haven, during choppy markets, the demand for gold improves, normally. Emerging markets, led by India and China–the biggest consuming markets–make up 70% of consumer demand for the metal.
The World Gold Council is the market development organization for the gold industry. It works across all parts of the industry, from gold mining to investment, and their aim is to stimulate and sustain the demand for gold.
The World Gold Council is an association whose members comprise the world’s leading gold mining companies. It helps to support its members to mine in a responsible way and developed the Conflict-Free Gold Standard.