Gold 2022/23: Still a safe-haven asset

9th February 2023

By: Creamer Media Reporter


Font size: - +

Gold continues to be regarded as a good safe-haven asset for investors during difficult and uncertain times.

The World Gold Council contends that 2022 was a textbook example of how gold’s assorted sources of demand and supply can offset one another, “providing gold with its uniquely stable performance as an investment asset”.

In South Africa, once the world’s top producer, the country’s mining industry is facing a deteriorating security environment and a crime crisis that is costing the sector as much as R20-billion a year. While there are bright spots and new investment in productive capacity, ever-increasing electricity tariffs, ongoing and worsening loadshedding, and the need for mining houses to decarbonise their operations remain challenges.

Creamer Media’s ‘Gold 2022/23’ report delves into these issues, looking for instance at the investments that mining companies are making in renewable energy, labour relations and illegal mining, as well as mergers and acquisitions. It also gives an overview of South Africa’s major gold miners, focusing on their financial and operational performance. Finally, the report reflects on the main issues affecting the industry globally, including supply and demand, pricing, and the responsible production and sourcing of gold.

This report is a summary of information published in Engineering News and Mining Weekly, as well as of information available in the public domain over the past 12 months. The report does not purport to provide analysis of market trends.

Edited by Creamer Media Reporter

Creamer Media's Research Reports are available to subscribers.

  • If you are a Research Chanel Africa subscriber, click here to log-in to Research Chanel Africa.
  • If you are a magazine-and-online subscriber to Creamer Media's Engineering News & Mining Weekly, your subscription entitles you to one free research report of your choice. You would have received a promotional code at the time of your subscription. Have this code ready and click on "Buy Report". You will be directed to the Creamer Media Online Store and, at the time of check-out, please enter your promotional code to download your free report. Email if you forgot your promotional code.

    If you have previously accessed your free report, you can purchase additional Research Reports by clicking on the “Buy Report” button below the Research Report that you wish to purchase and you will be directed to Creamer Media's Online Store.
  • If you are not a subscriber, you can either buy the individual research report by clicking on “Buy Report” or you can subscribe and, not only gain access to your report, but also enjoy all other subscriber benefits. Click on the “Subscribe and Download” button if you wish to subscribe or find out more.

    The most cost-effective way to access our Research Reports is by subscribing to Creamer Media's Research Channel Africa - you can upgrade your subscription now at this link.


R/€ = 21.2029 Change: 0.1397
R/$ = 19.7694 Change: 0.1044
Au 1953.44 $/oz Change: 10.20
Pt 1033.16 $/oz Change: 3.20