Published on : Nov 17, 2014
The gold market is the heart of the global commodity market. This market focuses on trading gold and other gold exchanges in the world. The gold exchanges are typically obtained in the form of different international financial centers or as a key part of the international financial markets. The global gold supply is the mixture of scrap recovery, mined gold, and central-bank supply – all coming from mined gold resources worldwide. Earlier, South America was the leading producer of mined gold production volume in 2007. However, with development of new technologies and constant pursuance China is now leading the market of mined gold.
The global gold market is based on its end-user segments including investment, jewelry, and others. The aspiration to owning and giving jewelry or acquiring it from generations has constantly driven the jewelry market for decades. However, after a short decline between 2009 and 2011, the jewelry market witnessed a rise again in 2012 owing to factors such as economic recovery and rise in gold prices.
The U.S. market for gold is expected to remain at the center of wedding rituals as consumers will endure to invest in gold wedding bands and engagement rings for years to come. Also, a study held by the World Gold Council states that China accounted for more than a quarter of the global jewelry market in 2013.
At present there are more than 40 gold markets across the globe all together constituting the global market framework for gold. Indeed, the market for gold is considered as the safest haven for investment in times of war, high inflation with currency fluctuations, or declining market conditions. Unlike any other commodities in the world, the global gold market is a versatile industry with non-stop 24-hour operation, thus enabling various investors to trade or invest in gold anytime.
Browse through a selection of accurate and informative research reports on gold market at ResearchMoz.us. These reports back your business decision with precise facts, data, and statistics, as well as profiles names of some of the leading gold producing countries in the world including Brazil, Indonesia, Australia, Canada, Mexico, Russia, Peru, the U.S., Papua New Guinea, and Uzbekistan. However, about 75% of the global gold mining companies are headquartered in Canada.