Global Gold Bullion Market

Gold Bullion Market Size, Share, Growth Analysis, By Type(Gold bar, Gold Coin), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031


Report ID: SQMIG15L2002 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Gold Bullion Market Insights

Gold Bullion Market is valued at USD 47.06 billion in 2019 and expected to grow from USD 52.75 billion to a market size of 131.55 billion by 2031 at a CAGR of 12.10% during the forecast period (2024-2031)

The gold bullion market is growing rapidly, as investors seek to protect their wealth. The demand for gold has never been higher, and there are a number of reasons for this. There are many factors that contribute to the demand for gold, but one of the most important is the uncertainty in the economy. Many people are worried about the future, and they want to protect their money by investing in assets that are immune to economic fluctuations.

Gold is a very stable investment, and it has remained relatively unchanged over the past few years. This makes it an attractive option for people who are worried about the future. Another reason why the gold bullion market is booming is because of inflation. Many people believe that inflation is a threat to the economy, and they want to protect their savings by investing in assets that will not be impacted by inflation. Gold is not affected by inflation, which makes it an attractive option for investors who want to protect their money from inflation. The demand for gold bullion is growing rapidly, and there are a number of reasons why this is happening.

US Gold Bullion Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Gold Bullion Market is valued at USD 47.06 billion in 2019 and expected to grow from USD 52.75 billion to a market size of 131.55 billion by 2031 at a CAGR of 12.10% during the forecast period (2024-2031)

Gold bullion is a highly sought-after commodity, and as such, companies are always looking for ways to gain an edge in the gold bullion market. One way that companies compete in the gold bullion market is by offering investors a variety of options when it comes to purchasing gold. For example, some companies may offer gold bullion coins while others may offer bars or ingots. This variety allows investors to choose the option that best suits their needs and preferences. 'PJSC Polyus', 'Barrick Gold Corporation', 'Newmont Corporation', 'AngloGold Ashanti Ltd.', 'Kinross Gold Corporation', 'Newcrest Mining Limited', 'Goldcorp Inc.', 'Agnico Eagle Mines Limited', 'Sibanye-Stillwater', 'Harmony Gold Mining Company Limited', 'Randgold Resources Limited', 'Cia de Minas Buenaventura S.A.A.', 'Gold Fields Limited', 'Shandong Gold Mining Co., Ltd.', 'Zijin Mining Group Co., Ltd.', 'Fresnillo PLC', 'Yamana Gold Inc.', 'Kinross Gold Corporation', 'Alamos Gold Inc.', 'Eldorado Gold Corporation'

Economic uncertainty: There is a lot of economic uncertainty in the world today, and gold is seen as a safe haven asset. When investors are worried about the economy, they tend to buy more gold.

There has been an increase in economic uncertainty which has led to investors seeking safe haven assets such as gold. This has resulted in increased demand for gold and consequently higher prices, thus, giving impetus to the gold bullion market.

Asia Pacific to continue dominating the gold bullion market. Asia Pacific region accounted for 36% of gold demand in 2016. The growth of the Asian economies has led to increased gold demand, as investors seek safe havens and alternative investments. The demand for gold in Asia Pacific is driven by a number of factors. One reason is the stability of the region's economies and currencies, which are some of the strongest in the world. Investors also view gold as a safe haven investment option in times of uncertainty. In addition, the increasing consumption of luxury goods in Asia Pacific countries such as India and China has fueled demand for gold bullion as an investment vehicle for purchasing these items.

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Global Gold Bullion Market

Product ID: SQMIG15L2002

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