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GSC 10AM REFERENCE PRICES
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GOLD 1 OZ:      SGD 4279.34
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SILVER 1 OZ:      SGD 43.48
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PLATINUM 1 OZ:      SGD 1428.37
|
Updated: 24/05/2025 10:00 AM

GoldSilver Central Pte LtdGoldSilver Central Pte Ltd

GoldSilver Central Pte Ltd

We are a Singapore registered company that specialises in physical bullion trading in Gold, Silver and Platinum at real-time pricing, completed with a whole array of services.

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GoldSilver Central Pte. Ltd.
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  • Gold seems to lacklustre, what now for Gold?
 
GoldSilver Central Team
Thursday, 08 September 2022 / Published in Blog, General

Gold seems to lacklustre, what now for Gold?

We have seen ETF outflows and falling open interests in Gold futures thus far, seems like the “summer doldrums” as many coined this term for Gold is back after being absent for the last 2 years.

Interestingly, World Gold Council has released Central bank Gold data and Central banks were net buyers of Gold up to July. These price levels seem to be attractive to Central banks and if this will continue to later parts of this year is yet to be seen.

WGC has reported that Gold is doing well in many currencies except in USD, CAD and we know for SGD (Table 1)too thus far. Based on their report, Gold is seems to be a good asset class to hold during recessions together with corporate and treasury bonds (Chart 1). However, at this moment, we are not in a recession and even if US enters into a recession, will Gold continue to shine during this period? It is important to be diversified to tide through difficult periods and seize opportunities when it presents itself. Holding precious metals in a portfolio is important and seems to make sense based on the data presented, however, the rule of thumb is always not to put all your eggs in one basket.

 

Chart 1:

 

Brian

 

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    GoldSilver Central Pte Ltd (UEN: 201107187N), a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport. 

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    • HOME
    • SHOP
      ▼
      • GOLD
        ▼
        • Gold Bar
        • Gold Coin
      • SILVER
        ▼
        • Silver Bar
        • Silver Coin
      • PLATINUM
        ▼
        • Platinum Bars
        • Platinum Coins
      • NUMISMATICS
        ▼
        • Pre-1933 US Gold Coins
        • Morgan Silver Dollars
        • Peace Silver Dollars
      • PROOF COINS AND BARS
        ▼
        • Silver Proof Coins & Bars
        • Austrian Mint Collector Coins
      • GSC EMOTIONALS
        ▼
        • Austrian Mint Kissed Awake Jewellery Collection
        • Degussa Emotional Products Collection
      • Pre-Orders
      • PRELOVED GOLD JEWELLERY
      • MEMBERSHIP
      • INSTITUTION/CORPORATE CLIENT SERVICES
    • SPECIALS
      ▼
      • Events Schedule
    • SERVICES
      ▼
      • Only Government Guaranteed Precious Metals Accumulation Program in the World
        ▼
        • Perth Mint Certificate Program
        • Perth Mint Depository Online
        • FAQ
      • The Cash You Need while Retaining your Metals Ownership
        ▼
        • Collateral Loan Program
      • GSC Allocated Storage Program
        ▼
        • GSC Bullion Storage Program
        • Storage Charges
        • Pick and Store Package for Bullion Transfer & Storage
        • FAQ
      • NUMISMATICS
    • SELL GOLD JEWELLERY
      ▼
      • Sell Gold Jewellery for Best Prices
      • Selling Gold Jewellery to us: FAQ
      • Buy Pre-Loved Gold Jewellery
    • GSAP
      ▼
      • GSC Savings Accumulation Program
      • GSAP FAQ
    • GSC Live!
      ▼
      • About GSC Live!
      • GSC Live! User Guide (Desktop)
      • GSC Live! User Guide (Mobile)
      • GSC Live! FAQ
    • ABOUT
      ▼
      • The Company
        ▼
        • About us
        • Vision and Values
        • Our Showroom
        • Our Team
        • Career
      • PRESS CENTRE
        ▼
        • Press Kit
        • Press Releases
        • Press Mentions
      • CUSTOMER SERVICE
        ▼
        • 10th Anniversary E-book
        • Frequently Asked Questions (FAQ)
        • Agreement & Policies
        • Resources
        • Video Resources
        • Payment Methods
      • INSIGHTS
        ▼
        • GSC Morning Call
        • Blog
    • GSC 10AM REF PRICES
    • CONTACT
      ▼
      • Contact Us
      • Getting Here
    • ACCOUNT
      ▼
      • My Account
      • My Cart
      • Payment Methods
      • My Price Notifications

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