July Technical Report - Precious Metals Analysis for 2021

10 August 2021

The world in July continued to be defined by ‘Delta’, as the Coronavirus ‘third wave’ grew rapidly.

This has impacted Australia of course, and the other 131 countries that it has spread to bringing with it the appearance or possibility that it will out-run vaccine development and distribution at this point in time.

The significance of this is likely to be reflected in one of the outcomes modelled by the World Gold Council (WGC), where the ongoing spread of the virus impacts the economic recovery or ‘reflation’ move and translates into slower growth, with lower physical demand for gold being offset by greater investment demand for gold.

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