Gold market news and events

Latest news

World Gold Council responds to the ECB’s announcement that the Central Bank Gold Agreement won’t be renewed

The European Central Bank (ECB) announced today that the Central Bank Gold Agreement (CBGA) won’t be renewed for a fifth time. Read the response from the World Gold Council's Managing Director, Central Banks & Public Policy, Natalie Dempster.

Gold demand lifted by central banks and ETFs in Q1

Global gold demand grew to 1,053.3t in the first quarter of 2019, up 7% on the same period last year, according to the World Gold Council’s latest Gold Demand Trends report.

ICBC agree strategic partnership with World Gold Council to further develop the Chinese gold market

The World Gold Council and Industrial and Commercial Bank of China (“ICBC”) have signed a memorandum of understanding for strategic cooperation within China’s gold market.

World Gold Council opens consultation on the Exposure Draft of the Responsible Gold Mining Principles

The World Gold Council, the market development organisation for the gold industry, has today launched the Exposure Draft of its Responsible Gold Mining Principles. The Principles make up a new framework that sets out clear expectations for investors and downstream users as to what constitutes responsible gold mining. 

Highest central bank buying in 50 years drives 4% growth in gold demand in 2018

Global gold demand reached 4,345.1 tonnes (t) in 2018, up 4% on 2017 and in line with five-year average demand of 4,347.5t, according to the World Gold Council’s latest Gold Demand Trends report.

Teranga Gold Corporation and Endeavour Mining Corporation join the World Gold Council

The World Gold Council, the market development organisation for the gold industry, has welcomed Teranga Gold Corporation and Endeavour Mining Corporation to its Board of Members.

World Gold Council appoints David Tait as incoming Chief Executive Officer

The World Gold Council, the market development organisation for the gold industry, today announced the appointment of David Tait as incoming Chief Executive Officer.

World Gold Council and MMTC-PAMP launch India’s first ‘Precious Metals Assay and Training Institute’

The World Gold Council and MMTC-PAMP India Pvt. Ltd. have jointly launched the ‘Precious Metals Assay and Training Institute’ (PMATI) to develop a new generation of skilled assayers.

World Gold Council publishes update to its Guidance Note on Non-GAAP Metrics – All-In Sustaining Costs and All-In Costs

The World Gold Council today published an update to its Guidance Note on “all-in sustaining costs” and “all-in costs”, which was first issued in June 2013.

World Gold Council launches definitive platform for gold data, analytics and research

The World Gold Council today launched Goldhub, a market-leading source of data, insights and analytical tools aimed at helping investors understand gold’s value as a strategic asset.

Gold demand steady in Q3, as central banks and consumer purchases offset ETF outflows

Global gold demand was steady in Q3 2018 at 964 tonnes (t), up just 6t year-on-year according to the World Gold Council’s latest Gold Demand Trends report. Robust central bank buying and a 13% rise in consumer demand offset large outflows in gold-backed exchange-traded funds (ETFs). Lower gold prices saw retail investors take refuge in bars and coins, while jewellery purchases increased in India, China and across South-East Asia.

The World Gold Council welcomes Shandong Gold Group as a Member and establishes its China Chapter

Shandong logo

The World Gold Council, the market development organisation for the gold industry, today announced that Shandong Gold Group has now joined the Board as a Member. Shandong Gold Group is one of the largest gold producers in China and is actively committed to ecological mining. It is also listed on the Shanghai Stock Exchange.

Aram Shishmanian to step down as CEO of the World Gold Council in 2019

The World Gold Council has today announced that Aram Shishmanian will be stepping down as Chief Executive Officer next year after 10 years of leadership. Mr Shishmanian has been CEO of the World Gold Council since January 2009.

Slowdown in ETF inflows drives 4% decline in gold demand in Q2 2018

Global gold demand remained muted in Q2 2018 at 964 tonnes (t), 4% below the same period in 2017, according to the World Gold Council’s latest Gold Demand Trends report. Slower inflows into gold-backed exchange-traded funds (ETFs) created a weak comparison against the highs of last year, contributing to the lowest H1 demand since 2009. Whilst China, the world’s largest gold market, saw a 7% rise in consumer demand as bar and coin demand rose 11% and jewellery demand hit a three-year high.

Development Research Center of the State Council and the World Gold Council jointly release "Recommendations for the further development of China’s gold market"

Gold bar

On July 25th, the 3rd China International Gold Conference, co-sponsored by the China Gold Association and the World Gold Council, was held in Beijing. At the event, the Development Research Center of the State Council and the World Gold Council jointly issued the "Recommendations for the further development of China's gold market report".

Events

EVOLVE2019: Investment Summit

The World Gold Council - in partnership with State Street Global Advisors - is pleased to invite you to EVOLVE2019, an incisive dialogue around key issues reshaping asset management.

Executive Programme in Gold Reserves Management - 2019

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The World Gold Council’s flagship summit for senior officials from central banks, sovereign wealth funds, and finance ministries.

This year’s programme will be led by distinguished scholars from the PBC School of Finance at Tsinghua University, experts from the World Gold Council and other industry experts.

Investment Summit on Gold 2019

The role of gold in an era of uncertainty

We are pleased to invite you to the World Gold Council, Tsinghua PBC School of Finance and the China Gold Association’s conference on the role of gold in an era of uncertainty.

Russian Bullion Market Forum

The precious metals market and its associated financial instruments play a significant role as an alternate source of investment. The Forum brings together experts in the market, both in Russia and globally, to discuss a range of issues connected with the market and the future of the industry.

Mining Journal Select Conference

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Mining Journal Select London is a carefully selected group of projects as nominated by the Mining Journal from around the world for the Gold & Silver, Copper & Zinc and Energy Minerals commodity groups.

ETFs Global Markets Roundtable

On 19 April, the first of four ETFs Global Markets Roundtable conferences will be held in London. The series of conferences will offer an opportunity for a substantive and in-depth discussion about the liquidity, trading, technological and regulatory developments impacting ETFs in the respective jurisdictions.

IIFM-WGC Industry Consultative Meeting on Gold Documentation and Products Standardisation

On 28 March, The World Gold Council and the Islamic Financial Market (IIFM) are holding an Industry Consultative Meeting on Gold Documentation and Products Standardisation.

India International Bullion Summit

IIBS logo

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At the 5th India International Bullion Summit (IIBS -5), the World Gold Council’s CEO Aram Shishmanian will be delivering the key note speech.

In addition, Somasundaram PR, World Gold Council’s Managing Director, India will be participating in a panel discussion about India’s Gold Policy and the implementation of the framework.