It is the 13th of December 2017

News

Gold Coins and Bars Saw Demand Rise 17% to 222T in Q3

- Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China
- Chinese investors bought price dips, notching up fourth consecutive quarter of growth
- Jewellery, ETF demand fell while gold coins and bars saw increased demand 
- Central banks bought a robust 111t of gold bullion bars (+25% y-o-y)
- Russia, Turkey & Kazakhstan account for 90% of 111t of central bank demand
- Turkey increased gold purchases and saw broad based physical gold demand
- Gold demand in Q3 at eight-year low as ETF inflows slowed sharply 
- Gold demand saw 9% year-on-year (y-o-y) drop in to 915 tonnes (t)
- Total global gold supply fell 2% in Q3

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Democrats Now Concerned Trump Is Colluding With China

After trying (and so far failing) for a year to prove that President Trump and/or members of his campaign team colluded with Russia to throw the 2016 election, Democrats have now decided to pivot to a slightly tweaked new narrative which suggests the President may actually be colluding with China instead. 

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Apple Soars To $900BN In Mkt Cap After Crushing Earnings And iPhone X Guidance

While Apple gets a freebie in the current (fourth fiscal) quarter, as it came just before the official release of the iPhone 8 and X, traders were still looking at overall trends and guidance from Tim Cook on what to expected from the all important holiday quarter. What they got was just what they requested, with Apple not only reporting a beat on the top and bottom line, including the first positive quarter in China in one and a half years, but also providing strong iPhone X guidance for a record holiday quarter, which promptly sent the stock price surging over 3% in the after hours, now just $100 billion away from $1 trillion in market cap.

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