Gold is one of the most loved and used asset since years ago. Gold is the most widely used component of various ornaments, dresses, and other stuffs. Gold is widely used across the globe among the women population. The price of gold has increased rapidly since years.
The global gold market is flourishing due to the cost of gold is the level of U.S. interest rates. The higher interest rates are for holding US Dollar or investing in U.S. Treasuries, more will be the opportunity cost of holding gold. Anciently, the cost of gold has a correlation with the price of crude oil. The gold is a very standard asset for evading increase. Moreover, a rally in oil prices are responsible for the commodities generally and gold is actually widespread among the list of tradeoff assets in the commodity universe. Henceforth, a rally in oil will often also responsible for boosting the price of gold. Gold is measured to be a safe haven asset throughout periods of turmoil. Henceforth, whenever there is undecorated geographical and political disorder, which in turn causes fear among financiers, the price of gold usually rallies, as financiers are seeking safe haven assets to put their capital into. However, they are investing more on E & D activities to fortify their goodwill in the endlessly competitive market. This increasing demand is anticipated to be driven by increasing per-capita disposable incomes and rapid urbanization especially in developing economies.
The global gold market is segmented into type, application and region. The global gold market is segmented into type such as gold powder, unwrought gold, and semi-manufactured gold. The global gold market is segmented into application such as investment, jewelry, electronics, industry, medicine, food & beverages, and others. The global gold market is segmented into region such as North America, Latin America, Europe, Middle East & Africa and Asia Pacific.
Key players operating in the global market are concentrating on some of the major market strategies such as mergers, collaborations, partnerships and acquisitions in order to keep hold in the ever competitive global market. The key players of the global gold market include Endeavour Silver, Newmont, Freeport-McMoRan, First Majestic Silver, Aeris Resources, Crater Gold, Avesoro Resource, Cudeco, GBM Gold, Eldorado Gold, GBM Gold, Resources, Jaguar Mining. The higher demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, China is additionally projected to account for the maximum share in the global market and is projected to maintain its lead in the overall demand throughout the forecast period. This can be attributed to rapid industrialization and growing urbanization during the past few years. The markets in various other developing economies such as Russia, Argentina, Brazil, Indonesia, Zealand, Poland, New Korea & India among others are also expected to witness a speedy growth throughout the forecast period. In addition to this, growing per capita disposable income and rush in the global economy is additional key factor which is expected to bring stimulus in the growth of the global market during the forecast period.
The global gold market is segmented
• Gold powder
• Unwrought gold
• Semi-manufactured gold
• Food & beverages
• North America
• Latin America
• Middle East & Africa
• Asia Pacific