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Malay Mail
31-07-2025
- Business
- Malay Mail
Iran gold demand surges 20pc during Israel conflict, hits six-year high
LONDON, Aug 1— Gold purchases surged in Iran during the second quarter of the year, marked by the country's 12-day conflict with Israel, the World Gold Council said in a report released Thursday. Despite high prices, the overall volume of gold sales rose 20 percent compared to the same period last year, the council said, adding that demand for gold coins and bars is now at its highest level in six years. Worldwide demand for gold coins and bars fell six percent in the second quarter over the previous three months, the report said. 'Iran was the outlier—consumers bought gold jewellery as a proxy investment, pushing demand in the quarter up 12 percent year on year,' said council analyst Louise Street. Worldwide demand for jewellery fell 14 percent over the same period though the value of the purchases rose 21 percent. Street said consumers were 'pushing their budgets' as they seek a safe investment in the global economic uncertainty. The showdown over US tariff demands and geopolitical tensions that maintained gold prices, especially for gold-backed investment funds, in the first quarter kept up the metal's value as an investment into the April-June quarter, Street said. — AFP
L'Orient-Le Jour
31-07-2025
- Business
- L'Orient-Le Jour
War drives Q2 gold demand surge in Iran
Gold purchases soared in Iran in the second quarter, during a period marked by the war against Israel, despite particularly high prices, according to a report Thursday from the World Gold Council (WGC). The demand for gold coins and bars in Iran is "at its highest in six years," the report says, with the yellow metal playing its role as a safe haven as tensions with Israel peaked with a twelve-day war at the end of June. Purchases increased by 20 percent compared to the same period last year. Iranian demand for gold bars and coins even rose by 4 percent in the second quarter compared to the first three months of the year, while global demand fell by 6 percent over the same period. Iran also stood out in the jewelry sector, with an increase in volume purchased in the country, while in this segment, demand has been strongly weakened elsewhere in the world due to very high gold prices. In this country, "buying jewelry has been one of the ways for people to invest in a safe haven," explains Louise Street, WGC analyst, driving demand up 12 percent year over year, versus a 14 percent drop globally in this category. The contraction in volume does not prevent, on a global scale, consumers from pushing "the limits of their budgets," the analyst notes, with a 21 percent increase in the total value of jewelry purchased compared to the second quarter of 2024. Under these conditions, investment remains the largest segment of yellow metal demand, fueled by the enthusiasm for ETFs, exchange-traded funds backed by gold. Quarter over quarter, gold investment is slightly lower than in the first three months of the year, which had seen the "shock" of the trade war, explains Street. But the factors that "created fertile ground for gold investment" at the start of the year, such as the United States' erratic trade policy, the weakening of the dollar and geopolitical tensions, continued in the second quarter.
Time of India
31-07-2025
- Business
- Time of India
Gold price outlook: Gold rate rises today. Check predictions for last 4 months of 2025
Gold rate today climbed more than 1 per cent, moving away from the one-month low it touched in the previous session, as a pullback in the dollar and fresh U.S. tariff announcements lifted demand for the safe-haven asset. Spot gold was up 1.1 per cent at $3,312.03 per ounce. U.S. gold futures gained 0.4 per cent to $3,309. The bullion had hit its lowest level since June 30 at $3,267.79 on Wednesday. The dollar eased from a two-month low, making gold less expensive for other currency holders. World Gold Council (WGC) analyst has also made projections for the US Dollar for the remaining months of the year. Gold Rate Prediction Explore courses from Top Institutes in Please select course: Select a Course Category Management CXO Design Thinking Product Management PGDM Leadership Operations Management Technology MCA healthcare Others Public Policy Digital Marketing others Degree Data Science Cybersecurity Artificial Intelligence Data Science Finance Data Analytics Project Management MBA Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Louise Street, Senior Markets Analyst at WGC, said that gold recorded 26 per cent appreciation in the first half of the year in dollar terms, outperforming many major asset classes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist: The Best Method for a Flat Stomach After 50 (It's Genius!) Lulutox With such an impressive start to the year, it is possible that gold could trade within a relatively narrow range in the latter half of 2025. On the other hand, the macroeconomic environment remains highly unpredictable, which may underpin further gains for gold. Any material deterioration in global economic or geopolitical conditions could further amplify gold's safe-haven appeal, potentially pushing prices higher still, she added. On Wednesday, the U.S. Federal Reserve left interest rates unchanged as widely excepted but Powell said it was too soon to say whether the Fed would cut rates at its next meeting in September. Gold tends to perform well in a low-interest-rate environment. Live Events Global gold demand, including over-the-counter (OTC), trading rose by 3 per cent year-on-year to 1,248.8 metric tons in the second quarter of 2025 as investment jumped 78 per cent, the World Gold Council said on Thursday. Focus now shifts to U.S. core PCE index data due later in the day, followed by U.S. non-farm payrolls on Friday for more cues on Fed rate path. Elsewhere, spot silver was down 0.5 per cent at $36.95 per ounce, platinum rose 0.4 per cent to $1,318.20, and palladium gained about 1 per cent to $1,216.27. FAQs Q1. What are current gold prices? A1. Spot gold was up 1.1 per cent at $3,312.03 per ounce. U.S. gold futures gained 0.4 per cent to $3,309. Q2. What are current silver prices? A2. Spot silver was down 0.5 per cent at $36.95 per ounce, platinum rose 0.4 per cent to $1,318.20, and palladium gained about 1 per cent to $1,216.27.
Times of Oman
31-07-2025
- Business
- Times of Oman
Global gold demand rises 3% in Q2 2025, driven by strong investment flows: WGC
New Delhi: The gold demand in Q2 2025 witnessed a rise of 3 per cent to reach 1,249t, amid a high price environment, as revealed in a recent report by the World Gold Council. The report added that the strong gold investment flows boosted quarterly growth, as an increasingly unpredictable geopolitical environment and price momentum sustained demand. "Global markets have navigated a volatile start to the year marked by trade tensions, unpredictable US policy shifts and frequent geopolitical flashpoints," said Louise Street, Senior Markets Analyst at the World Gold Council. "Gold recorded a remarkable 26% appreciation in the first half of the year in dollar terms, outperforming many major asset classes. With such an impressive start to the year, it is possible that gold could trade within a relatively narrow range in the latter half of 2025," Street added. Gold ETF demand also acted as a key demand driver as it experienced an inflow of 170t over the quarter, compared with small outflows in Q2 2024. Particularly, Asian-listed funds were major contributors at 70t, keeping pace with US flows. Gold ETF also reached its highest first-half total since 2020, with record inflows in Q1, global gold ETF demand reached 397t. The report by WGC also said that the total bar and coin investment increased by 11 per cent year-on-year, adding 307t, with Chinese investors leading the way with a notable 44 per cent year-on-year increase to 115t, while Indian investors continued to add to their holdings, totalling 46t in Q2. On the flip side, divergent trends were witnessed in Western markets as European net investment more than doubled to 28t while US bar and coin demand halved to 9t in the second quarter. Jewellery demand continued to decline, with the volume of consumption down 14 per cent and nearing low levels last seen in 2020 during the COVID pandemic.
Al Arabiya
31-07-2025
- Business
- Al Arabiya
Israel's 12-day war sparks gold demand in Iran: Report
Gold purchases surged in Iran during the second quarter of the year, marked by the country's 12-day conflict with Israel, the World Gold Council said in a report released Thursday. Despite high prices, the overall volume of gold sales rose 20 percent compared to the same period last year, the council said, adding that demand for gold coins and bars is now at its highest level in six years. Worldwide demand for gold coins and bars fell six percent in the second quarter over the previous three months, the report said. 'Iran was the outlier -- consumers bought gold jewelry as a proxy investment, pushing demand in the quarter up 12 percent year on year,' said council analyst Louise Street. Worldwide demand for jewelry fell 14 percent over the same period though the value of the purchases rose 21 percent. Street said consumers were 'pushing their budgets' as they seek a safe investment in the global economic uncertainty. The showdown over US tariff demands and geopolitical tensions that maintained gold prices, especially for gold-backed investment funds, in the first quarter kept up the metal's value as an investment into the April-June quarter, Street said.
