World Gold Council Mining News

World Gold Council to appoint David Tait chief executive

Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade.

Central banks continue to stock gold but ETF investors dump bullion

The World Gold Council found that gold demand reached 964.3 tonnes in Q3.

Barrick-Randgold deal breathes new life into gold

Toronto-based Barrick announced it would purchase Randgold for a spectacular $6 billion.

GO GOLD! Inflationary tariffs could supercharge the yellow metal

"What I can say with full confidence, though, is that prices will rise—for producers and consumers alike—which is good for gold but a headwind for continued economic growth."

The 30-year view: examining the future of gold

The World Gold Council today launched an essay collection, Gold 2048, analyzing how the gold market is set to evolve in the next 30 years.

N. American gold ETF inflows at highest since September 2017 -WGC

North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.

New Islamic banking rules make gold an accepted investment

Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.

Negative rates to boost gold prices, demand to record highs – WGC

According to the industry body, negative interest-rate policies (or NIRP) for some of the world’s key central banks could change the way investors think about risk, benefitting the yellow metal.

Global gold demand hits six-year-low as China, India buy less

Total bullion demand dropped 12% in the second quarter of the year, due in part to directionless prices, the WGC says.

China to launch $16bn gold investment fund

The entity will be run by a new company to be established by gold producers and financial institutions.

Global gold demand drops 1% in Q1, but investments jump — report

Once again Asia drove demand, with China and India alone accounting for 54% of the total.

Turkey’s gold imports down, but bullion still ‘key’ to the local economy — WGC

Despite the rosy picture painted by the industry body, official figures show that Turkey bullion imports more than halved last year.

Shanghai gold deals get a boost as WGC sets bullion free trade zone

The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.

Here is what India needs to effectively manage gold demand — interview

Somasundaram PR, Managing Director of the World Gold Council India, peels back the underlying weakness of India’s gold trade in an interview with MINING.com.

This is why India needs a gold policy — WGC

There are at least seven good reasons, says the World Gold Council.

CHARTS: This is how much gold miners really put into their host countries

Members of the World Gold Council spent last year a total of $47 billion in countries hosting their mining operations.

Asian gold demand up as India’s Diwali boost sales

The World Gold Council predicts that India will import 850 to 950 tonnes of gold this year.

World Gold Council bullish on demand, ETFs role

Industry body sees demand rising as economic growth lifts consumers’ incomes.

Top South African miners leave the World Gold Council

As members pay per ounce of metal produced, both companies said they had to look at the cost-benefits of staying in the organization.

India's measures to curb gold imports have worked, but what now?

The government's ability to hold off imports in the long term is questionable.

2013 was 'year of the consumer,' World Gold Council says

The world saw record bar and coin demand last year - 28% higher than in 2012.

Gold demand plummets to four-year low

It dropped 21% in Q3, marking what several analysts consider a solid proof of the end of gold’s decade-long bull run.

Consumer demand for gold jumps 53%

Boosted mainly by China and india.

China to become world's biggest gold consumer: World Gold Council

Imports expected to reach 1,000 tonnes.