Press Releases

Gold demand in 2018 gets off to quiet start as investment slows

Gold demand had a soft start to 2018, reaching 973 tonnes (t), the lowest first quarter since 2008. This was largely caused by a fall in investment demand for gold bars and gold-backed exchange-traded funds (ETFs), as a subdued gold price environment hampered demand.

Q4 recovery fails to mitigate full year declines in 2017

Gold demand rallied in the closing months of 2017, gaining 6% year-on-year in Q4 to reach 1,095.8 tonnes (t). However, overall demand for the full year fell by 7% to 4,071.7t, compared with 2016, according to the World Gold Council’s latest Gold Demand Trends report.

World Gold Council appoints David Harquail as new Chair

The World Gold Council announces the appointment of David Harquail, President and CEO of Franco-Nevada Corporation, as its new Chair. Mr Harquail succeeds Randall Oliphant, who has served as Chair for the past four years.

The World Gold Council welcomes Resolute Mining as a Member

The World Gold Council, the market development organisation for the gold industry, welcomes Resolute Mining Limited (“Resolute”) to its Board of Members. Resolute is one of the fastest growing producers listed on the Australian Securities Exchange and has continuously been mining and producing gold for 25 years. Resolute is an experienced and active explorer, developer, operator and innovator, with long life mines in southern Mali and Queensland, Australia and has recently been awarded two prospective large-scale exploration concessions in Egypt.

Gold demand slips from last year’s record Q1, although retail investment demand remains steady

Global gold demand in Q1 2017 was 1,034 tonnes (t), a decline of 18% compared to the record Q1 in 2016, according to the World Gold Council’s latest Gold Demand Trends report. Inflows into Exchange Traded Funds(ETFs) totalled 109t which, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand also contributed to the weakness. Bar and coin investment, however, was healthy, at 290t, an increase of 9% year-on-year, while demand firmed slightly in both the jewellery and technology sectors.