Occasional Papers

The Structure and Operation of the World Gold Market

Author/Editor:

M. G O'Callaghan

Publication Date:

March 15, 1993

Summary:

This paper describes the structure of the world gold market, its sources of supply and demand, and how it functions. The paper examines the composition and origin of physical stocks of gold, their flows, and their market destination and also reviews the operation of bullion and paper gold markets.

Series:

Occasional Paper No. 1993/003

Subject:

Central banks Commodities Commodity markets Financial institutions Financial markets Futures Gold Gold reserves Options