Market Overview - Gold:
The global gold investment trends in the year 2022. As can be seen, investment demand grew by 40% and reached an
annual record of 1,773.8 tons. This was attributed to the COVID-19 pandemic, which evidently shifted investment strategies to physical and other
gold-linked products. On the gold supply front, the market experienced significant resilience in the face of the COVID-19 outbreak, which
helped stabilize the gold market supply generally, although the total annual supply fell 4% compared with the previous year
Gold is king Gold has a dual nature – it is both an investment asset (which can be countercyclical) and a
retail/consumption asset (which can be pro-cyclical). Due to a combination of heightened economic uncertainty and lockdowns in 2020, consumer
demand fell. But it was a combination of economic uncertainty and a low interest rate environment that led to renewed institutional investment
interest in gold. Central banks tend to be long term holders of gold and are still net buyers.
Despite the disruptions caused to the gold supply chain during the COVID-19 pandemic, as well as the lockdowns
and travel restrictions which have all impacted economies adversely during the year 2020, the commodity of gold remained king. A growing focus
on safe haven assets has influenced the strategy of global investors to buy gold. Overall, gold as an asset class became a leading performer
during the year 2020. This is attributed to three main factors: low interest rates in the USA and other western countries, economic uncertainty
caused by the pandemic, which created high risk on other investments
Such as stocks while gold became seen as a safe haven, and, finally, the positive return on gold prices,
especially towards the middle of the year when the price peaked at the US$ 2,000 an ounce mark.
Market Overview – Oil and Gas:
Oil refers to a naturally occurring, unrefined petroleum substance made up of organic compounds and hydrocarbon
deposits. Oil is mostly utilized as a fuel and combustible, but it is also essential as a raw material in the production of chemicals.
The global Oil market will grow from $2747.78 billion in 2022 to $2904.09 billion in 2023 at a compound annual
growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in
the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and
supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oil market is expected
to grow from $3481.5 billion in 2027 at a CAGR of 4.6%.
Asia-Pacific was the largest region in the oil market. The regions covered in this oil market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the oil market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile,
China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia,
Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa,
South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
The oil market consists of sales of sweet oils, sour oils, light oils, medium oils, heavy oils, sweet light oils,
and more. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods,
whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the
specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain,
either further along the supply chain or as part of other products.
Major players in the oil market include Royal Dutch Shell, Exxon Mobil Corporation BP Plc, Rosneft, and Kuwait
Petroleum Corporation.