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Gold demand in the gold jewelry and industrial sector

In addition to tracking how much gold flows into ETFs, central banks, or bars and coins, jewelry demand and industry are significant

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After the pandemic crisis, gold demand has partially recovered. This is because the first quarter of 2020 was historically weak, according to the World Gold Council. The same period in 2021 saw a 52 percent increase. The lower gold price in the first quarter of 2021 was certainly helpful. China and India in particular have bought, the level before Corona is still distant. Looking at the last five years, the average quarterly demand has not yet been reached. On the other hand, the decline in the first quarter of 2021, which happens anyway from a seasonal perspective, was much smaller than in recent years. In terms of the value of gold jewelry, January to March 2021 was well above the average of recent years.

Another sector that consumes gold is the technology industry. Here, demand was 11 percent higher in the first quarter of 2021 than in the same period last year. The five-year average is 80.9 tons of gold. In the first quarter of 2021, 81.1 tons of gold were demanded. Overall, a global recovery is continuing, and the jewelry sector and industry are again increasingly in need of the precious metal. Also, the safe haven gold is considered important by governments in terms of currency reserves. So, nothing should stand in the way of a further increase in the gold price.

Profiteers are then the investors and the gold companies like Fiore Gold or Karora Resources. 

Fiore Gold - https://www.youtube.com/watch?v=Cngx_r_ZpPk - owns the producing Pan Mine in Nevada. Nearby is the second gold project and Fiore Gold is currently expanding its land package to include a formerly producing gold mine nearby. 

Karora Resources - https://www.youtube.com/watch?v=Cngx_r_ZpPk - is producing at its two gold mines in Western Australia, Beta Hunt and Higginsville. The focus is on increasing production and reducing costs. The third project is Spargos Reward, with mining planned for later this year.

Current corporate information and press releases from Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/) and Karora Resources (https://www.resource-capital.ch/en/companies/karora-resources-inc/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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