Singapore is also close to 25 percent of the world’s gold mining supply. China, Australia, Indonesia, the Philippines, Papua New Guinea, and Laos are all significant gold producers.
In a recent note, ECB economists highlighted the risks that could arise from rising demand for physically settled gold contracts, particularly during periods of geopolitical stress.
President Trump and congressional Republicans will never cut spending until they stop pretending they can pay down the national debt, cut taxes, and continue massive spending on militarism.
Overall, gold demand in industry was flat. However, gold used in electronics rose by 2% to 67 tonnes despite concerns about the impact of tariffs on the industry and record gold prices.
Maharrey talked with Juan Carlos Artigas of the World Gold Council, who shared insights from their latest Gold Demand Trends report and what investors should know about gold today.
