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Exchange-traded products continue to drive gold demand in the third quarter of 2016
Global gold demand reached 993 tonnes (t) in the third quarter of 2016, a fall of 10% compared to the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. Net inflows into Exchange-traded products (ETPs) helped drive a sharp increase in investment demand, but this was not enough to offset falls in other areas, notably jewellery and purchases by central banks.
Research indicates Indian consumer’s preference for the Indian Gold Coin
Indian Gold Coin currently available at select branches of four Indian banks – Indian Overseas Bank, Federal Bank, Vijaya Bank and Yes Bank
World Gold Council appoints Joseph Cavatoni as Managing Director, USA and ETFs
The World Gold Council, the market development organization for the gold industry, today announced that it has appointed Joseph Cavatoni, Managing Director USA and ETFs, who joins from Blackrock.
Near record high in H1 demand driven by western investors
Global gold demand reached 2,335 tonnes (t) in the first half of 2016 with investment reaching record H1 levels, 16% higher than the previous record in H1 2009, according to the World Gold Council’s latest Gold Demand Trends report.
World Gold Council, LME and key market participants to launch LMEprecious
The World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, today announce their intention to introduce a suite of exchange-traded and centrally-cleared precious metals products.
