Demand for gold jewelry, bars and coins hit a record high last year, according to the World Gold Council's latest Gold Demand Trends report. The report also confirms that last year Chinese gold demand surpassed that of India for the first time.
Articles Tagged "World gold council"
The World Gold Council releases a report today entitled "Why invest in gold? Gold's role in long-term strategies".
Many are concerned about gold's role in the current risk-on environment. The WGC weighs in.
Mining Weekly reported that in its latest report, the World Gold Council that worldwide demand for gold dropped by 11 percent in the third quarter of 2012.
Russia has nearly doubled its gold reserves. But why? Is Putin up to something?
The World Gold Council believes gold-backed bonds can play a positive role in the EU crisis, but raises matters of serious consideration, including market risks.
Demand for gold is down in both China and India, the top two consuming nations of the yellow metal. The reason for the dips are different, however, as are the prospects for a gold market recovery.
Total gold demand decreased 7 percent in the second quarter, but the buying of bullion by central banks reached a record level. A lower dollar helped push gold up again this week as speculators continued to anticipate a fresh round of stimulus.
Although gold prices have declined in most currencies during the second quarter partially due to a strong US dollar, exceptions to this trend include the euro, Swiss franc and Indian rupee.
The Turkish government is developing innovative ways to get gold out of households and into the country's banks.