CATEGORY

Gold

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,200+ categories like Gold.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

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Gold Market Monitoring Dashboard


Price Trend
1889
Mar-24
USD/Troy oz
History Forecast

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

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Gold Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Gold category is 6.44%

Payment Terms

(in days)

The industry average payment terms in Gold category for the current quarter is 64.8 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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Meet Abi

The World’s first Digital Market Analyst

    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Abi is now supercharged with GPT4 AI engine. Enjoy the ease of ChatGPT, now on Abi

    Gold Suppliers


    Gold Supplier

    Find the right-fit gold supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    ALCOA CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    57
    Governance
    71
    6 Domains Performance (/100)
    Business behaviour
    59
    Human rights
    56
    Community Environment
    67
    Corporate governance
    77
    Human resources
    53
    Security Scorecard
    85

    Threat indicators
    B
    87
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    66
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    81
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    alcoa.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    27
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    30
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    29
    Regulatory Issues
    3
    Workforce Disputes
    29
    Sanctions
    0
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    Yes

    Gold market report transcript


    Gold Global Market Outlook

    • China contribute to about 11 percent of the gold globally followed by Russia and Australia who supplies 9.9 percent and 9.8 percent respectively. China has been the largest gold producing country for many years, however the production volumes have decline steadily over the past few years

    • In 2020 gold accounted for about 52 percent of the total global exploration budget. The spike in gold prices for several months in 2020 drove the financing for projects

    Impact of COVID-19 on Gold Industry

    • The global gold supply market was affected due to the pandemic in 2020. The gold supply from mines dropped by 5 percent. Demand for gold as an investment was high during 2020 which led to the price increase in global market, however the demand for gold as jewellery items reduced in 2020.

    • Although China has been a dominant player in the gold mining industry, volume of gold mined from the country has been decreasing over the last few years due to tighter environmental and mining regulations. In terms of volume mined Russia and Australia are closed behind China. Moreover Russia is expected to surpass China as the largest gold producer by 2029. Escalating tensions and trade sanctions with US have incentivized the Russian central bank to increase its gold reserve.

    • The demand for gold will be moderate-high in 2021, as the demand from end user segment like investment and jewelry is expected to increase commodities. The cost of labor is expected to increase in the short-term. Labor shortage and unemployment benefit claims suggest firms’ need to raise wages & salaries which is expected to result in higher wage growth in the medium term supporting demand growth prospect.

    Global Gold Market: Drivers and Constraints 

    Industry Drivers

    Economic Recovery:

    • Economic recovery in developed as well as emerging markets could support gold consumption in the form of investments

    • Investors could see the low interest rates on gold as an opportunity to add risk assets like gold onto their portfolio

    Improved mine production:

    • Gold mining companies have set well defined protocols and guidelines which would lead to reduce the risk of mine closures if subsequent waves of COVID-19 infections impact the producing countries

    Constraints

    Rise in operating and capital costs:

    • The increase in the prices of commodities like steel ,oil and its derivative products have led to an increase in the operating costs. The operating expenditure could increase by 3-5 percent for the reset of the year due to increase in input materials like steel and grinding media

    Mining Regulation:

    • Tighter environment policies and regulations could result in lower volumes from small scale mining companies. For example regulations towards the use of cyanide for gold extraction in China resulted in a drop in volumes of gold mined in the country

    Illegal mining:

    • Illegal mining remains one of the main threats to gold market. Globally government has committed to reduce illegally sourced material by introducing a raw material tracing system and granting great powers to raid and prosecute illegal miners, separators, and distributors

    Interesting Reads:

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