Gold regains lost ground

By Christopher Galbraith | 19 May 2017

The following research article is an excerpt of the Gold Mined Supply Report, a quarterly study on global gold production by the major gold producers, that includes expert commentary from S&P Global Market Intelligence.

The price of gold spent the first quarter of 2017 rallying back from its late 2016 slide, trying to regain momentum after a hard fall in the December 2016 quarter.

According to the World Gold Council, gold demand fell 18% in the March quarter, relative to the year-ago quarter. The drop in demand is largely attributed to a massive pullback from investment in exchange-traded funds, or ETF.

Meanwhile, gold production also continues to grow, to about 23.6 Moz. This is slightly down from the 24.0 Moz produced in the final quarter of 2016 but is still up more than 1% over March 2016 quarter.

For an overall view of production activities by the major gold producers and to identify significant new mines coming online in 2017, download the full report.

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Gold regains lost ground

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