In today’s webinar – our last before the summer break – Adrian Ash (Director of Research, BullionVault) and David Gornall (Senior Advisor, LBMA) were joined by Krishan Gopaul (Senior Analyst, EMEA, World Gold Council) and Philip Newman (Managing Director, Metals Focus).
“Central bank gold demand has ebbed and flowed,” said Krishan, but noted that Q1 2022 had been a very strong quarter, detailing the motivations behind central banks holding gold.
“Global silver demand was at a record high,” said Philip, adding that there have been “eye-watering and consistent premiums” which carried over into Q1 2022.
Adrian talked about the impact of Basel III rules on gold, saying that “a lot of foreign banks trade gold as a currency but have had to change the way it is reported due to Basel III.” Continuing the discussion on Basel III, David added that over the last few months there have been more prudential regulation consultations that are looking to revise the constituent assets of the HQLA (High-Quality Liquid Asset) list.
Hot Topics - Russian Gold, NSFR and the US Yield Curve's Recession Warning
Adrian Ash (Director of Research, BullionVault) moderated Neil Harby (Chief Technical Officer, LBMA), Rhona O'Connell (Head of Market Analysis, EMEA and Asia Regions, StoneX Financial Ltd) and David Gornall (Senior Advisor, LBMA) in a panel to discuss Russian gold, the Net Stable Funding Ratio (NSFR), and the US yield curve recession warning.
NSFR Member's Update
Today LBMA welcomed back its webinar series with a session on Net Stable Funding Ratio (NSFR), covering the developments since the Bank of England's Prudential Regulatory Authority (PRA) announcement in July.
Silver Market Interim Report and New Uses for Silver
Michael DiRienzo (Executive Director, The Silver Institute) examines the new and growing uses of silver, and Philip Newman (Managing Director, Metals Focus) discusses the Silver Market Interim Report.
Inflation, Geopolitics and the Macroeconomic Outlook
Today's webinar saw James Steel (Chief Precious Metals Analyst, HSBC Securities (USA) Inc), Rhona O’Connell (Head of Market Analysis, EMEA and Asia Regions, StoneX Financial Ltd), and Suki Cooper (Executive Director, Precious Metals Research, Standard Chartered) discuss inflation, geopolitics and the macroeconomic outlook.