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    Gold Commentary

    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.

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

    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.

    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.

    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"

    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 futher development of China's gold market report".