World Gold Council
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BusinessDay: Producers warn on prices even as gold demand rockets
Gold demand surged in the first quarter of this year as purchases of the precious metal for investment climbed 11% to 981.3 tons in the first three months according to the latest World Gold Council report. Much of the increase was as a result of buying of the physical metal – purchases of gold bars and coins shot up 52% year on year to 366 tons, representing a virtual doubling in value to $16bn.
The report from the association of gold producers comes as the biggest producers sound warnings on Monday that any major pullback in the metal’s price below $1,000 could jeopardize the primary supply of gold.
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Randgold highlights mining risk as Turkey seeks gold bullion
Wall St. Cheat Sheet | March 23, 2012On Thursday, gold prices declined to $1,642.50 per ounce, while silver fell nearly 90 cents to settle at $31.35.
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Q1 gold demand trends: ETFs on the sell side for the first quarter ever
Seeking Alpha | June 5, 2011The 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.
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GOLD UP-DATE January 31, 2011
David Levenstein | January 31, 2011Despite recent volatility, strong physical demand for gold will underpin prices.
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UBB blast persuades MSHA to issue guidelines for industry compliance with ventilation regulations
International Mining | August 30, 2010As a result of troubling testimony heard in a recent field hearing regarding the explosion of Massey Energy’s Upper Big Branch mine, the US Department of Labor’s Mine Safety and Health Administration has announced the release of four new program …
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World Gold Council signs agreement to develop China market
International Mining | April 5, 2010The World Gold Council (WGC) and the Industrial and Commercial Bank of China (ICBC) have signed a memorandum of understanding (MOU) for strategic co-operation within China's gold market. This agreement will enhance the exchange of market information between WGC and ICBC to promote domestic demand for gold, encourage investment into the Chinese market, as well [...]
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World Gold Council, China's biggest bank to join forces to promote gold investments in China
mineweb - daily news headlines | March 31, 2010ICBC and the WGC will share gold market resources, promote domestic demand and market new products in the country.
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WGC: significant untapped growth potential exists in the Chinese gold market
International Mining | March 29, 2010Chinese demand for gold is set to double in tonnage terms within just ten years according to the latest World Gold Council (WGC) publication, Gold in the Year of the Tiger. Chinese gold consumption was worth more than $14 billion in 2009 – equivalent to 11% of global demand. The report shows that over the [...]
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“Growing recognition of gold as an important and independent asset” – World Gold Council
International Mining | August 20, 2009Gold investment remained very strong in the second quarter of 2009, rising 46% (222 t) on year earlier levels. Overall, demand fell back from recent high levels, during the previous three quarters, as the combination of weak economic conditions and high prices made an impact, according to the Q2'09 Gold Demand Trends report published by World Gold [...]
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Gold and silver dominating Project News
International Mining | May 26, 2009Latest issue of International Mining Project News available (May 22): There has been much talk of gold and silver in the last few weeks on the back of GFMS and World Gold Council figures aswell as gold's recent price surge. It is not surprising therefore that both metals have a significant presence within this issue [...]
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Q1 09 saw a record level of investment in gold ETFs – World Gold Council
International Mining | May 20, 2009"Fears of future inflation and ongoing financial uncertainty saw investors continue to flock to gold in the first quarter of 2009, seeking out its proven wealth preservation qualities," according to the World Gold Council (WGC). The WGC's Q1'09 Gold Demand Trends report shows that total demand for gold in Q1'09 rose 38% year on year [...]
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ANNOUNCEMENT
Orezone Completes the Sale of Sega to Cluff Gold for $26.5M
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.
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