The gold market has come under significant scrutiny in the past few years. Despite exhaustive searches, mining companies have had little success finding new deposits, while the cost of mining gold has increased drastically. The financial strain of searching in remote locations, and drilling to much deeper levels, has led to speculation that some companies might halt production unless the price of gold rises.
Although gold supply is falling, demand is rising. In developed nations, jewellery and investment continue to drive demand, as does the increasing need for gold in industrial applications and technology. However, another area of focus is the role that emerging markets (EMs) might play in driving demand as their populations and economies grow.
With so many questions about the future of gold, we’ll be taking a look at how the imbalance between supply and demand might play out across the market. You can watch the live stream at 1pm (UK time) on Thursday 22 November via the trading platform, or our YouTube, Facebook and Twitter pages.
About the experts
Simon Popple has a background in corporate finance and investments, having worked for some of Europe’s largest private investment companies. In 2008, he set up Brookville Capital, a business that works with institutions that are looking to deploy capital in agriculture and gold. Popple has also contributed to industry publications such as Metals and Miners.
Ross Norman is the chief executive officer (CEO) of Sharps Pixley, a bullion brokerage based in London. Previously, he worked for Johnson Matthey, one of the world’s largest gold refiners. Ross also co-founded the precious metals website TheBullionDesk.com and frequently appears on the BBC and CNBC.
What will we talk about?
The discussion will cover a wide range of topics that relate to gold, including:
- Could companies halt operations if the cost of gold falls too low?
- How does a lack of new deposit discoveries impact the price of gold?
- Where is the demand for gold coming from?
- Why does the price of gold respond to market volatility?
- What is the relationship between gold and the US dollar?
- What are the gold stocks to watch at the moment?
There will be a live Q&A during the session, so you can put forward any topics you’d like Simon and Ross to discuss, or any questions you want answered. Post your questions to the #IGCommodityChat Community page, or use #IGCommodityChat on Twitter or Facebook to get involved.