Precious Metals Market - Global Industry Analysis and Forecast 2014 - 2020

Precious Metals Market - Global Industry Analysis and Forecast 2014 - 2020

Persistence Market Research

Precious Metals Market: Global Industry

Analysis and Forecast 2014 - 2020

Persistence Market Research

1

Precious Metals Market - Global Industry Analysis and Forecast 2014 - 2020

Persistence Market Research Released New Market Report on “Precious Metals Market Global Industry Analysis and Forecast 2014 - 2020”.

Precious metals are naturally occurring rare metallic elements having significant economic value. They

have high luster, usually ductile which tend to be less reactive than most elements. Precious metals are

primarily regarded as investments and industrial commodities. Platinum group metals and gold are some

of the most prominent precious metals present in the industry. While the coinage metals, silver and gold

are consumed in industrial applications, they are better known for their use in jewellery and art. Other

precious metals include the platinum group metals: iridium, osmium, rhodium, ruthenium, palladium and

platinum.

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Precious metals such as gold are widely used for investment purposes and jewellery owing to their

aesthetics. It is usually sold in stock exchange markets associated with falling share prices attributed to its

escalating high prices. Recent war events and rebellions in the Middle-Eastern countries such as Syria,

Egypt, Libya has led to significant increase in investments in bullion (gold bars). This has resulted in

overselling of gold which in turn has increased the gold prices worldwide. Global supply of gold is a

combination of scrap recovery, central-bank supply and mined gold, out of which more than half of the

supply comes from mined gold. Asia Pacific serves as the major producer as well as consumer of gold

with significant consumption in South East Asian countries such as China and India. Moreover, high

growth in these...