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Latest World Gold Council Stories

2010-02-22 05:49:00

MANCHESTER, England, Feb. 22 /PRNewswire/ -- The World Gold Council is forecasting a surge in demand as the jewellery industry rushes to buy gold in 2010. A rush of investors last year caused gold prices to peak and this in turn accounted for a slight dip in demand from the jewellery industry. However, as the dollar strengthens and the price of gold levels out, the World Gold Council predicts an increase in demand from this particular sector. This demand may also increase in light of the...

2010-02-18 11:57:00

LONDON, February 18, 2010 /PRNewswire/ -- World Gold Council welcomes the announcement by the International Monetary Fund (IMF), that the next phase of its previously announced gold sales programme will be undertaken in a phased and transparent manner. The gold sales follow the IMF Executive Board's decision in September 2009 to approve sales of the metal totalling 403.3(t). The successful first phase sale to Central Banks had no impact on the smooth functioning of the gold market and the...

2010-02-17 08:00:00

LONDON, February 17, 2010 /PRNewswire/ -- In 2009, dollar demand for gold remained above the $US100 billion mark for the second year in succession against the backdrop of continued turbulence in financial and commodity markets. According to World Gold Council's ("WGC") Gold Demand Trends published today, this resilience in demand was achieved in the context of average gold prices 12% higher than those in 2008, at $US972.35/oz. Total identifiable gold demand in tonnage terms fell...

2010-02-11 03:30:00

LONDON, February 11 /PRNewswire/ -- - World Gold Council Research Paper Demonstrates Important Applications in Development Using Gold Nanoparticles World Gold Council (WGC) has today published 'Gold for Good: Gold and nanotechnology in the age of innovation', a research paper detailing new scientific and technological innovations using gold. The report, which was produced in conjunction with Cientifica Ltd, the world's leading source of global business and investor intelligence...

2010-02-02 05:22:00

LONDON, February 2 /PRNewswire/ -- Suggestions of a gold price 'bubble' do not take account of gold's market fundamentals, which remain robust, said World Gold Council. The gold price has been building steadily for nine consecutive years, ending 2009 25% higher than on 31 December 2008 at US$1087.50/oz. The PM gold fix in London on Monday 1 February, 2010 was US$1086.50/oz. Aram Shishmanian, Chief Executive Officer, World Gold Council on gold's trading range: "The sustained...

2010-01-25 03:30:00

LONDON, January 25 /PRNewswire/ -- - First Global Study, Conducted by SEMI, of the Semiconductor Industry Into the use of Gold Wire vs. Copper Wire World Gold Council (WGC) has welcomed the results of a survey, conducted by SEMI, the global semiconductor industry association, which shows the semiconductor industry has serious reservations about the reliability and yield of copper bonding wire. This global survey does show that an increasing number of companies are considering...

2009-12-10 11:58:00

LONDON, Dec. 10 /PRNewswire/ -- World Gold Council (WGC) has announced the appointment of Ian Telfer as its new Chairman. Mr. Telfer is Chairman of the Canadian gold producer Goldcorp Inc. and succeeds Greg Wilkins, Vice Chairman of Barrick Gold Corporation, who steps down from the Board of WGC. Commenting on his appointment, Mr. Telfer said: "I am taking on a great role at a time when gold has never been more relevant and important to so many people. It is a great privilege to be able...

2009-11-06 09:12:00

NEW YORK, Nov. 6 /PRNewswire/ -- The World Gold Council is delighted to note that the Central Bank of Sri Lanka has announced that it is buying gold to diversify its reserves. The move comes hot on the tail of the Reserve Bank of India's purchase of 200 tonnes of gold from the IMF on Monday and the announcement in April of this year by the China's State Administration of Foreign Exchange (SAFE) that the country's gold reserves had risen from 600 tonnes in 2003 to 1,054 tonnes. Aram...

2009-02-09 09:19:00

LONDON, Feb. 9 /PRNewswire/ -- Women across the globe agree unanimously that a key reason for buying gold jewellery as a gift is "because it is everlasting", an attribute that makes it very apt for a Valentine's Day gift, according to participants in World Gold Council's (WGC) 2008 jewellery survey. The survey was conducted by independent research firm, GfK, in the key gold jewellery markets of India, China, Saudi Arabia, Italy, Turkey and the USA. 7,500 females aged between 15 and 65 were...

2008-12-16 12:10:00

World Gold Council luxury survey finds rising gold price reinforces investment attributes of gold jewelry NEW YORK, Dec. 16 /PRNewswire/ -- Gold jewelry is one of the top three most popular items for women's discretionary spending in the U.S. according to World Gold Council's (WGC) 2008 survey, What Women Want: Global Discretionary Spending Report, conducted by independent research firm, GfK, among 1,068 American women aged 16 to 65. The study was also run in the key gold jewelry markets of...


Word of the Day
pungle
  • To take pains; labor assiduously with little progress.
This word comes from the Spanish 'pongale,' put it.
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