Gold News

2014 saw a stabilisation of the gold market as it pulled back from the extremes of 2013, according to the latest Gold Demand Trends full year report from the World Gold Council. Annual gold demand was 3,924 tonnes (t), 4% lower than 2013. The year ended strongly, with gold demand in Q4 2014 up 6% year on year to 987t, driven by demand for jewellery and central bank buying.

A new report “Turkey: gold in action” from the World Gold Council, released today, explores the role gold plays in the daily life of the world’s fourth largest consumer of gold, as well as examining its contribution to supporting the national economy.

Today, the Shanghai Gold Exchange and the World Gold Council, the market development organisation for the gold industry, signed a ‘Memorandum of Understanding’ regarding a ‘Comprehensive Strategic Cooperation Agreement.’ The Shanghai Gold Exchange is the largest physical gold exchange worldwide and the World Gold Council is the global authority on the gold industry. Together, these two organisations are joining hands to support the development of both domestic and international gold trading in China by leveraging the opportunity provided by the internationalisation of the Chinese gold market, through the Shanghai Free Trade Zone, to support market expansion. The agreement will support the development of gold investment products and solutions for the industry and investors both regionally and globally.

The World Gold Council, the market development organisation for the gold industry, is partnering with Global Good, a collaboration between Intellectual Ventures and Bill Gates to invent technology that improves life in developing countries. The partners aim to conduct technical evaluations of methods to improve the sensitivity, further the reach, and enhance the reliability, of rapid diagnostic tests (RDTs) for febrile diseases, with an emphasis on malaria.