Latest World Gold Council Stories
LONDON, May 16, 2013 /PRNewswire/ -- The latest World Gold Council Gold Demand Trends report, which reports on the period January-March 2013, shows a market driven by diverse global demand, and an appetite for owning gold jewellery that continues to grow. To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/60362-world-gold-council-gold-demand-trends-report-q1-2013 (Photo: http://photos.prnewswire.com/prnh/20130516/MM14977) Total...
LONDON, April 15, 2013 /PRNewswire/ -- General statement to be attributed to Marcus Grubb, Managing Director, Investment:"Whilst the World Gold Council does not comment on the specifics of price movements in the markets, this has clearly been an exceptional period in both the markets and the wider political arena with the discussions relating to the Cypriot bailout. When looking at gold price movements it is important to remember that demand for gold is driven...
NEW YORK, March 13, 2013 /PRNewswire/ -- A new report by the World Gold Council, "Central bank diversification strategies - rebalancing from the dollar and the euro", examines the growing trend of central banks' actively looking to diversify their reserve portfolios. While the dollar is still the primary global currency, its long-term dominance is less certain. In response, central banks are reducing allocations to US dollars and euros while increasing purchases of traditional...
LONDON, Nov. 15, 2012 /PRNewswire/ -- Global gold demand in Q3 2012 was 1,084.6 tonnes (t), down 11% from the record Q3 2011 figure of 1,223.5t. This dip in demand is in comparison with exceptional demand in Q3 last year. Gold demand remains resilient. Q3 2012 was above the five year quarterly average of 984.7t, according to the World Gold Council's Gold Demand Trends Report. To view the multimedia assets associated with this release, please click:...
TOKYO, September 6, 2012 /PRNewswire/ -- The World Gold Council's most recent quarterly Gold Demand Trends report revealed that in the second quarter of 2012 over 112 tonnes of gold with a value of US$5.8bn were used for various technical applications. Demand is currently dominated by the electronics industry, which means that gold is often hidden away in many everyday objects and devices we take for granted, quietly and effectively helping to connect and develop communities...
LONDON, August 16, 2012 /PRNewswire/ -- Global gold demand in Q2 2012 was 990.0 tonnes (t), down 7% from the 1,065.8t in Q2 2011 according to the World Gold Council's Gold Demand Trends report. This dip in demand was partly due to the comparison with exceptional demand last year, and also reflects the challenging global economic climate. In this context, gold performed as expected, acting as both a store of value and a source of liquidity. In value terms gold demand...
WILMINGTON, Del., Aug. 2, 2012 /PRNewswire/ -- Auric Mining Company (PINKSHEETS: AUMY) announced today that it has revised upward its revenue projections and asset valuations based on the on the World Gold Council's (WGC) Gold Demand Trends report for Q1 2012. The WGC's respected Gold Demands Trends report recently published for Q1 2012, reported a 16% increase year on year to an estimated US$59.7 billion of the Gold Demand Value. The average price of gold for the quarter was...
LONDON, May 17, 2012 /PRNewswire/ -- Global gold demand in Q1 2012 was 1,097.6 tonnes (t), down 5% from the high demand levels seen in Q1 2011 (1,150.7t), according to the World Gold Council's Gold Demand Trends report. This decrease was largely to be expected given the introduction of import taxes in India and high gold prices. Gold demand value however, showed a 16% increase year on year to an estimated US$59.7 billion. The average price of gold for the quarter was US$1,690.57, 22%...
WUHAN CITY, China, May 16, 2012 /PRNewswire-Asia/ -- Kingold Jewelry, Inc. (NASDAQ: KGJI), one of China's leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, today announced that the Company was selected as a designer and manufacturer for a new line of high-quality, 24-karat gold products to be offered by the World Gold Council (WGC). The agreement, which runs through 2012, was signed between Kingold and the WGC on May...
WUHAN CITY, China, March 16, 2012 /PRNewswire-Asia/ -- Kingold Jewelry, Inc. (NASDAQ: KGJI) announced today that Kingold once again won the confidence vote by the World Gold Council (WGC) and was awarded by WGC as the Designated Dealer for wedding gold products in China. Kingold has been authorized this title for the second consecutive year, and is one out of only three China-based gold manufacturers to capture this title. The other two companies are Gold Leaf Jewelry and Yue Hao...
