Definition:
The Precious Metal Derivatives market refers to derivatives of precious metals such as gold or silver. These include financial vehicles such as options and futures. Derivatives allow investors to profit from a commodity’s value development without owning the physical commodity (e.g. instead of owning a unit of gold, an investor could own a derivative of gold). Therefore, physical commodities are out of scope in this analysis.Structure:
The market contains the following KPIs: annual notional value, the number of traded contracts, the open interest (number of outstanding contracts at the end of a year), the average notional value per contract as well as the price data of popular specific derivatives of this category.Additional information:
Examples of popular precious metal derivatives are gold, silver, or platinum.Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
The Precious Metal Derivatives market in Croatia has been showing interesting developments recently. Customer preferences in the Precious Metal Derivatives market in Croatia are influenced by a growing interest in alternative investment options.
Investors are increasingly looking for ways to diversify their portfolios and hedge against market volatility, leading to a rise in demand for precious metal derivatives. Trends in the market indicate a shift towards more sophisticated trading strategies and products. Investors in Croatia are becoming more knowledgeable about derivatives and are exploring complex instruments to maximize their returns in the precious metal market.
Local special circumstances, such as the country's strong tradition in metalworking and jewelry making, play a role in shaping the Precious Metal Derivatives market in Croatia. This heritage creates a familiarity and comfort with precious metals, making them an attractive investment option for both retail and institutional investors. Underlying macroeconomic factors, including global economic uncertainty and fluctuations in currency markets, are driving the growth of the Precious Metal Derivatives market in Croatia.
Investors are turning to precious metal derivatives as a safe haven asset in times of economic instability, further fueling the demand for these financial instruments.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update:
Source: Statista Market Insights
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