Press releases

The World Gold Council announced today that it fully supports the appointment of ICE Benchmark Administration (IBA) as the new administrator of the Gold Fix.

In 2012 the World Gold Council launched the Conflict-Free Gold Standard following an in-depth consultation with its Members, government, civil society and supply chain participants. The Conflict-Free Gold Standard’s purpose is to provide a common approach via which gold mining companies can assess that their gold has been extracted in a way that does not cause, support or benefit unlawful armed conflict. Since its launch two years ago, the Standard has been widely adopted and this year Member companies began reporting their conformance as part of their annual sustainability reports.

The World Gold Council yesterday released its second Responsible Gold Mining and Value Distribution report at the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development in Geneva. This edition of the report reinforces the continuing contribution responsible gold mining can make in supporting economic development in host countries.

Singapore, Monday, 29 September 2014
International Enterprise (IE) Singapore, Singapore Bullion Market Association (SBMA), Singapore Exchange (SGX) and the World Gold Council, today announced that the new exchange-traded Singapore Kilobar Gold Contract (“Contract”) will launch on Monday, 13 October 2014.

“The growth dividend: how rising GDP lifts consumer gold demand” – one of a series of papers published today by the World Gold Council – highlights how gold demand benefits at all stages of the economic cycle, including in times of expansion as well as in times of duress.