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Gold demand slips from last year’s record Q1, although retail investment demand remains steady
Global gold demand in Q1 2017 was 1,034 tonnes (t), a decline of 18% compared to the record Q1 in 2016, according to the World Gold Council’s latest Gold Demand Trends report. Inflows into Exchange Traded Funds(ETFs) totalled 109t which, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand also contributed to the weakness. Bar and...

Consultation launches on a common accounting framework for gold
The World Gold Council, the market development organisation for the gold industry, has today published its consultation paper, Guidance for Monetary Authorities on the recommended practice in accounting for gold. The paper aims to help standardise accounting practices with respect to monetary gold, by establishing a suitable framework that is consistent with the concepts of current general...

The World Gold Council welcomes Newcrest Mining as a Member
Newcrest Mining (“Newcrest”) has re-joined the World Gold Council, the market development organisation for the gold industry. Newcrest is the largest gold producer listed on the Australian Securities Exchange and one of the world's largest gold mining companies with mines located in Australia, Papua New Guinea, Indonesia and in Côte d’Ivoire. World Gold Council Chief...

World Gold Council appoints John Reade as Chief Market Strategist
The World Gold Council today announced that it has appointed John Reade as Chief Market Strategist. John joins the World Gold Council from Paulson & Co, where he served as Managing Partner of Paulson Europe and Gold Strategist. Prior to Paulson & Co, John worked at UBS as the Precious Metal Strategist for a number of years. He is widely viewed as one of the preeminent gold analysts in the...

Gold demand rises 2% in 2016 as investment surges to four-year high
Global gold demand rose 2% in 2016 to reach 4,309 tonnes (t), the highest level since 2013, according to the World Gold Council’s latest Gold Demand Trends report. This was largely driven by inflows into gold-backed Exchange Traded Funds (ETFs) of 532t, the second-highest year on record, as investors responded to concerns over future monetary policy, geopolitical uncertainty and negative...

“India’s Gold Market: evolution and innovation” examines the entire gold supply chain and the drivers for future growth
The World Gold Council today launched the report titled ‘India’s Gold Market: evolution and innovation’. This report explains the entire supply chain for India’s gold market– from imports and recycling through to consumer demand – and how it is likely to develop in the coming years. It also provides an overview of existing gold-related policies and how they...

Launch of the AAOIFI Shari’ah Standard on Gold, developed in collaboration with the World Gold Council
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council are delighted to announce the issuance of ‘Shari’ah Standard No. 57 on Gold and its Trading Controls (“the Standard”). The Standard deals with the Shari’ah rulings for gold in its various forms and categories, the Shari’ah parameters for gold...

هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية تطلق المعيار الشرعي حول الذهب بالتعاون مع مجلس الذهب العالمي
حيث إنه أول معيار شرعيٍّ من نوعه يفصِّل ويضع قواعد محدّدة للاستثمار في الذهب والتعامل به في الصناعة المالية الإسلامية؛ حيث كانت كثير من الأحكام والضوابط التي اشتمل عليها المعيار تحيطها الضبابية وعدم التحديد. وقد أظهر المعيار الجديد جواز الاستثمار في الذهب بضوابط وشروط فصَّلها المعيار في لغة معاصرة ومحدَّدة، حيث بين آلية قبض الذهب في الواقع المعاصر وأحكام عياراته المختلفة ونحوها من الأحكام ذات...

Exchange-traded products continue to drive gold demand in the third quarter of 2016
Global gold demand reached 993 tonnes (t) in the third quarter of 2016, a fall of 10% compared to the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. Net inflows into Exchange-traded products (ETPs) helped drive a sharp increase in investment demand, but this was not enough to offset falls in other areas, notably jewellery and purchases by...

Research indicates Indian consumer’s preference for the Indian Gold Coin
Indian Gold Coin currently available at select branches of four Indian banks – Indian Overseas Bank, Federal Bank, Vijaya Bank and Yes Bank  The Indian Gold Coin is among the key initiatives of the gold monetisation programme launched by Prime Minister Narendra Modi on 5th November 2015 and is the country's first sovereign gold coin. A detailed study commissioned by the MMTC and...

World Gold Council appoints Joseph Cavatoni as Managing Director, USA and ETFs
The World Gold Council, the market development organization for the gold industry, today announced that it has appointed Joseph Cavatoni, Managing Director USA and ETFs, who joins from Blackrock. In this role, Mr. Cavatoni will lead the development of new gold-backed financial solutions that complement investors’ core portfolio holdings as well as bring equity research to market. He will...

Near record high in H1 demand driven by western investors
Global gold demand reached 2,335 tonnes (t) in the first half of 2016 with investment reaching record H1 levels, 16% higher than the previous record in H1 2009, according to the World Gold Council’s latest Gold Demand Trends report. Q2 2016 continued in the same vein as the first quarter this year with overall gold demand growing to 1,050t, up 15% from the Q2 2015 figure of 910t, boosted...

受西方投资者推动,2016年上半年黄金需求接近历史最高点
世界黄金协会近日发布的《黄金需求趋势报告》显示,2016年上半年全球黄金需求达到2,335公吨,成为投资需求创新高的上半年,上半年投资需求比2009年同期还要高出16%。 受持续大规模投资需求推动,2016年第二季度黄金需求延续了第一季度的走势,总体黄金需求增至1,050公吨,与2015年第二季度的910公吨相比增长15%。面对持续的政治、经济和社会动荡,投资者寻求分散风险和资产保值,投资需求达到448公吨。上半年黄金ETF表现极佳,接近580公吨,这主要归功于第二季度额外增持了237公吨。第二季度,一些市场的金条和金币需求也应声上涨,包括美国市场(达到25公吨,涨幅达101%),使得上半年金条和金币投资需求达到485公吨,与去年上半年相比增长了4%。 投资需求增长的一个原因是以美元计价的金价上涨了25%,促成自1980年以来表现最为强劲的上半年金价走势。...

World Gold Council, LME and key market participants to launch LMEprecious
The initiative has been driven by the need for greater market transparency, to support and aid ongoing regulatory change,  provide additional robustness to the precious metals market, broaden market access, make trading more capital efficient and trade lifecycle management easier. LMEprecious will be developed to accommodate the interests of the full range of market stakeholders and to...

The World Gold Council welcomes Sibanye Gold and OceanaGold as new Members
Sibanye Gold and OceanaGold Corporation have joined the World Gold Council, the market development organisation for the gold industry. Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States. World Gold Council...