LBMA reports record 9 452 t of gold holdings in November
The London Bullion Market Association (LBMA) reports that, at the end of November last year, there was a record 9 452 t of gold, valued at $535-billion, held in stocks.
This marked the seventh consecutive month of increases in stocks.
The LBMA also reported 33 475 t of silver holdings, valued at $23.8-billion, as at November 30.
The data represents the holdings of seven custodians offering vaulting services and that are members of the LBMA and the Bank of England.
The volume of ounces transferred in November bounced back from a five-year low in October, posting an increase of 16.5% month-on-month to18.4-million ounces, with the corresponding value up by 14.3% to $34.2-billion.
The LBMA says there were 5 111 transfers in November, a 23% increase month-on-month, with the clearers settling on average 3 596 oz per transfer, which was 5.2% lower month-on-month.
The volume of silver ounces transferred in November increased by 12.5% to 255-million ounces, with the corresponding value transferred increasing by 11.6% month-on-month to $6.1-billion.
The LBMA notes that the number of silver transfers in November increased by 28% month-on-month to 1 919, with the clearers settling on average 132 901 oz per transfer, which was 12% lower month-on-month.
The average gold/silver price ratio in November was 77.5 – down slightly from 78.4 in October.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation