World Gold Council Mining News

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.

Gold coins a safer, more valuable investment: CME Group

CEO Terrence Duffy says the current market situation is pushing people to invest on “tangible, real” gold.

Italy should use gold-backed bonds as an alternative to austerity: WGC

The strategy would be a more remedial answer for countries facing financial challenges than outright gold reserve sales, says the organization.

World gold demand falls in 2012 for first time in three years

The World Gold Council predicts consumption of the precious metal should be steady this year, although unlikely to reach the high levels seen in the worst of the financial crisis.

World Gold Council releases conflict-free standard

The World Gold Council (WGC) published Thursday the anticipated conflict-free standard, which aims to restrict production of the yellow precious metal in places where it already fuels or may trigger conflicts and human rights violations.

Randgold highlights mining risk as Turkey seeks gold bullion

On Thursday, gold prices declined to $1,642.50 per ounce, while silver fell nearly 90 cents to settle at $31.35.

Q1 gold demand trends: ETFs on the sell side for the first quarter ever

The World Gold Council released its Gold Demand Trends for the first quarter of 2011 last month. Not surprisingly, gold demand grew 11 percent compared with the first quarter of 2010, as the average gold price for the quarter rose 25 percent year-on-year. It’s an as-expected quarter. But there are definitely some surprises. Let’s take a look at just where that demand growth came from.