Precious Metal Derivatives - Australia

Australia

The nominal value in the Precious Metal Derivatives market is projected to reach €184.40bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 1.49% resulting in a projected total amount of €198.60bn by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to €0.08 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (€11,060.00bn in 2024).
In the Precious Metal Derivatives market, the number of contracts is expected to amount to 2.53m by 2029.

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Analyst Opinion

Amidst a growing interest in alternative investments, the Precious Metal Derivatives market in Australia is experiencing significant developments.

Customer preferences: Investors in Australia are increasingly turning to Precious Metal Derivatives as a way to diversify their portfolios and hedge against market volatility. The allure of precious metals such as gold and silver as safe-haven assets during uncertain economic times has been a driving factor in the market's growth.

Trends in the market: One notable trend in the Australian Precious Metal Derivatives market is the rising demand for gold derivatives, fueled by a combination of global economic uncertainties and low interest rates. Investors are seeking exposure to gold as a store of value and a hedge against inflation, driving the popularity of gold futures and options.

Local special circumstances: Australia's position as a major gold producer and exporter plays a significant role in shaping the Precious Metal Derivatives market in the country. The close connection to the physical gold market provides unique opportunities for investors looking to participate in gold price movements through derivatives.

Underlying macroeconomic factors: The performance of the Australian economy, global geopolitical tensions, and fluctuations in currency exchange rates all contribute to the dynamics of the Precious Metal Derivatives market in Australia. As investors navigate these macroeconomic factors, the demand for precious metal derivatives is expected to remain robust.

Methodology

Data coverage:

Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.

Additional Notes:

The market is updated twice per year in case market dynamics change.