World Gold Council Mining News

China continues gold-buying spree as PBOC adds for fourth month

The world’s second-largest economy expanded its gold reserves for the fourth straight month, adding to optimism that central banks globally will continue to build holdings.

Fed holding steady on rates may boost gold performance — report

A more dovish stance by the Fed, coupled with the ongoing trade talks between the US and China, could also contribute to a slowdown in US dollar appreciation, which could add to gold's momentum.

Gold-backed ETFs fell in February, following four months of inflows

But global gold-backed ETF flows remain positive on the year ($1.7 billion) on the back of strong inflows in January.

Will cryptocurrencies replace gold?

Bitcoin was designed to mimic gold, but it has still to prove its moneyness.

Central bank gold buying surges to 50-year high

Russia, Turkey and Kazakhstan remained key buyers throughout the year.  

Gold-backed ETFs gained globally in 2018, even with North America outflows

In December alone, gold-backed ETFs globally rose 3 percent, adding 76 tonnes worth $3.1 billion.

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.