The World Gold Council welcomes Sibanye Gold and OceanaGold as new Members

Sibanye Gold and OceanaGold Corporation have joined the World Gold Council, the market development organisation for the gold industry. Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States.

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Gold demand at record levels in Q1 2016 - up 21% as investors surged into ETFs

Global gold demand reached 1,290 tonnes (t) in the first quarter of 2016, a 21% increase compared to the same period last year, making it the second largest quarter on record, according to the World Gold Council’s Gold Demand Trends report. This increase was driven by huge inflows into exchange traded funds (ETFs), fuelled by investor concerns regarding economic fragility and an uncertain financial landscape. Concurrently, global demand for jewellery was down 19%, as higher prices and industrial action in India and a softening of the economy in China meant many consumers delayed making purchases.

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World Gold Council signs memorandum of understanding with the DMCC to support the promotion and adoption of a Shari’a standard on gold in Dubai

At the 2016 Dubai Precious Metals Conference, the World Gold Council hosted a successful seminar to update industry participants on the latest developments in the creation of a global Shari’a Standard on Gold (“the Standard”). The event kicked off the schedule and showcased gold product ideas that will be enabled by the Standard.

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