Global Gold Metals Report - Business Monitor International - Industry Reports

Global Gold Metals Report

Global Gold Metals Report - Business Monitor International - Industry Reports
Global Gold Metals Report
Published Aug 27, 2016
68 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Global gold mine output growth will pick up over the coming quarters, supported by higher gold prices. Following a number of upward revisions to gold production forecasts based on stronger-than-expected H--- data, we now expect global gold output to climb from --- million ounces (moz) in ---- to ---moz by ----, averaging -.- annual growth. ...Global gold mine output growth will pick up over the coming quarters, supported by higher gold prices. Following a number of upward revisions to gold production forecasts based on stronger-than-expected H--- data, we now expect global gold output to climb from --- million ounces (moz) in ---- to ---moz by ----, averaging -.- annual growth. This represents a slight deceleration in growth rate compared the previous five-year average of -.- . ...Chinese firms in particular will look to purchase foreign, high-quality assets offloaded by overleveraged majors. Barrick Gold, Newmont Mining, AngloGold Ashanti and Goldcorp will remain the largest producers, accounting for approximately one-quarter of global output.

...Recent developments have bolstered our bullish view on gold prices and encouraged the slight upward revision in our price forecasts. Brexit - Although we were surprised by the UK s vote to leave the EU in June, the result has reinforced our bullish view on precious metal prices. In particular, the result has weakened the global growth outlook and thus pushed back the timetable for interest rate hikes in the developed world. Weaker US Economic Growth - We have revised down our US interest rate forecasts as Brexit-fallout and subdued US economic growth will force policymakers to hold off from raising rates in ----. Looking further ahead, we only expect one --bps rate hike in ----. ...These developments have played a central role in dragging our global real GDP growth forecasts to -.- in ---- (from -.- in May) and -.- in ---- (from -.- in May). In turn, a weaker growth outlook means we expect an even more accommodative monetary policy environment than previously anticipated.

...Consensus na -,--- -,--- -,--- -,--- na Note: na = not available. ...Source: BMI, Bloomberg BMI View: We expect gold prices to continue edging higher in the coming quarters, as weak economic growth and higher inflation keep real interest rates low in major developed markets. We have slightly raised our ---- average price forecast from USD-,---/oz to USD-,---/oz. ...

  
Source:
Document ID
2397-5105
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Global Gold Metals Report" Aug 27, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Gold-Metals-Report-2026-1897>
  
APA:
Business Monitor International - Industry Reports. (2016). Global Gold Metals Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Gold-Metals-Report-2026-1897>
  
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