Advertising

Performance 2022: gold gained almost everywhere outside the US

News Arnulf Hinkel, Financial Journalist – 14.11.2022

© Umicore

The strong US dollar and many central banks’ interest rate hikes continue to put gold under pressure, even if the unexpectedly strong flattening of the US inflation rate recently did provide a countermovement. Since the gold price is predominantly referred to in US dollars per ounce across financial media, the overall perception of this year’s gold performance is a general weakening. This impression, however, is false: in most regions, gold owners saw an appreciation of their investment.

Double-digit growth rates for gold price in some regions

In the Eurozone, the gold price increased by 4.4 per cent over the first 10 months of this year, according to the latest World Gold Council data, with performance in Germany slightly above the EU average at 7 per cent. In the UK, gold rose by 7.2 per cent, largely offsetting inflation there. The gold price rose most significantly in Turkey by 27.2 per cent due to the country’s inflation, extreme even compared to the EU. The gold price has thus far also gained in Asia: in China by 4.0 per cent and in India by 1.1 per cent since the beginning of the year. In terms of performance, Japan remains the gold front-runner in Asia, with an increase in value by 17.2 per cent, denominated in yen.

Strongest losses in North America

While the gold price rose 3.1 per cent in Australia in 2022, it lost slightly in Switzerland at -0.3 per cent. Only in the US and Canada did gold lose more significant value, with a slip of -2.1 per cent in the land of the Mounties and US investors struggling with a performance of -9.2 per cent. However, due to the lower US inflation rate and the current expectation of lower Fed-ordered key interest rate hikes, gold was able to re-gain significant ground in North America in the second week of November.

.

Upcoming Events

Events

21.01.2023 - 21.01.2023 Börsentag Dresden 2023

Events

04.03.2023 - 04.03.2023 Börsentag Frankfurt 2023

Events

17.03.2023 - 18.03.2023 Invest Stuttgart 2023

Youtube channel

Production of Umicore precious metal bars

Production of Umicore precious metal bars

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Please select the optional cookies to activate Youtube.

Newsletter

Are you interested in receiving regular information on Xetra-Gold? Then subscribe to our monthly, free-of-charge newsletter to learn more about our gold holdings, upcoming events and to read our gold market outlook.

Xetra-Gold Newsletter

We are sorry that you consider to unregister from our newsletter. Are you missing out information? If yes, we are pleased to receive your feedback. Of course, you can always re-register at any later point of time.

Xetra-Gold Newsletter

Xetra-Gold Hotline

Xetra-Gold-Hotline

Do you have questions? We have the answers. Contact us here: 9 a.m.–6 p.m. CET

+49-(0) 69-2 11-1 16 70

xetra-gold@deutsche-boerse.com

For press inquiries:media-relations@deutsche-boerse.com

To contact form