Gold trading volumes continue to rise
Global gold trading volumes have risen for three months in a row.
In November, this amounted to an average of 290 billion US dollars. After the gold price had fallen, this still represents an increase of eight percent compared to October. This was primarily due to futures trading volumes on the Comex and the Shanghai Futures Exchange. On the other hand, global gold ETF volumes also rose significantly. The growth was generated by North America in first place. Only global OTC gold trading (over-the-counter trading) was down on the previous month. The weak gold price presumably had a negative impact on trading in gold futures. Overall, however, inflows into global gold ETFs have been positive so far in 2024. Indian gold ETFs are striking, with inflows for the eighth consecutive month in November. India is therefore in a positive mood for gold. Demand for ETFs in Europe has been low for months.
When investing in the gold mining sector, ETFs offer the opportunity to invest without selecting individual gold mining stocks. Royalty companies offer a particularly excellent opportunity. This is because they enable broad diversification and score points with their own characteristics. The mining risk lies with the partner companies of the royalty companies. Royalty companies are also not directly affected by issues such as rising labor and energy costs or budget overruns. Royalty companies do not mine themselves and do not operate mines; instead, they give money to the mine operators. Well-positioned royalty companies with a very well-diversified portfolio include Osisko Gold Royalties and Gold Royalty.
Osisko Gold Royalties - https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ - focuses on gold and copper. The rich portfolio is geared towards North America. It shines with a royalty on the Canadian Malartic Complex, one of Canada's largest gold mines.
Gold Royalty - https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ -, active in South and North America, is a royalty and streaming company focused on precious metals. The company achieved record sales in the first nine months of 2024.
Current corporate information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/ ) and Gold Royalty (https://www.resource-capital.ch/en/companies/gold-royalty-corp/ ).
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
