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Trends & Opportunities in Gold Industry by 2020

Press Release   •   Feb 08, 2016 20:00 IST

Gold is one of the most in-demand precious metals across the world and is chiefly used for casting jewelry owing to the metal’s high ductility and malleability. Gold is also considered a safe bet for investment in times of high inflation and wars. As a result, demand for gold is high in the global market; in current times, the global gold market is witnessing gold being oversold, leading to escalating prices. In the past few years, as events of strife, discord, and wars have become frequent in Middle Eastern countries such as Syria, African countries such as Egypt, Tunisia, Libya, and Eastern European countries such as Ukraine, the investment in gold has significantly increased, driving the global gold market.

Rising gold prices are considered to be one of the key factors propelling the global gold market in the near future, as consumers are increasingly purchasing gold as a long-term investment. Additionally, political instability across the globe and the confidence of consumers in precious metals as a secure investment option with high returns are also driving the global gold market.

However, recurring strikes of gold mine workers, technical issues related to gold mining, and diminishing grades of gold ore are some of the key factors expected to hamper the overall growth of the global gold market over the report’s forecast period.

The report segments the global gold market on the basis of end use into jewelry, investment, and others. Of these, the segment of jewelry saw a substantial decline over the period between 2009 and 2011 as consumers liquidated most of their jewelry during the economic downturn of 2008-2009. However, as the world recovered from these tough economic times, the market for gold jewelry again prospered in 2012.

On a geographical front, Asia Pacific accounts for the largest production as well as consumption of gold with notably high demand in Southeast Asian countries. The gold market in Asia Pacific is expected to further flourish due to increased demand from Southeast Asian countries and developing Asian countries with rising disposable incomes, such as India and China, over the report’s forecast period.

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Demand for gold in the electronics industry is also expected to significantly benefit the overall growth of the global gold market in the near future. Gold is among the best available conductors of electricity, leading to its usage in circuitry where high conductance and low resistance are required.

Some of the key companies operating in the global gold market are Gold Fields Limited, AngloGold Ashanti, Barrick Gold, Gabriel Resources Limited, Freeport McMoRan Copper & Gold Inc., Goldcorp Inc., New Gold Inc., Harmony Gold Mining Company Limited, Newmont Mining Corporation, Newcrest Mining Limited, and Jinshan Gold Mines Inc.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.