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world gold council

  • 7 Reasons China is Becoming the #1 Producer and Consumer of Gold

    The World Gold Council recently released a report titled “China’s gold market: progress and prospects” examining the rising demand for gold in the world’s most highly populated country. The report also explains why China’s gold market will continue to expand regardless of the giant surge in demand. Important to the trend is China’s growing middle

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  • Gold’s Recent Lull and the Big Picture

    Gold dropped below the $1,300 per ounce mark this week, down more than $30 per ounce from the close of last week. It’s important to note the reasons for this lull which includes the recent signs of U.S. economic growth as well as the subsiding turmoil over the Crimea region. While these are short term

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  • 2013 Gold Trends from the World Gold Council

    Gold seemed to fizzle out at the end of 2013, with the Federal Reserve cutting back $10 billion on its bond purchases and a 28% annual drop in gold prices. These factors led many to question gold’s future as a desirable, physical asset that carries value and preserves wealth. However, demand is essential to the

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  • Gold Gains after Busy Week

    It was another big week for gold. Thursday saw a rise in prices close to 2% and now Friday, gold is holding strong around the $1,365 per ounce mark. This week saw movement from hedge fund leaders, the release of new job data and even reports from the World Gold Council. Here is a look

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  • Cyprus Resists Pressure to Sell Gold Reserves

    Cyprus is resisting pressure from the European Commission (EC) and the International Monetary Fund (IMF) to sell its gold reserves to finance its “bailout”. The Cypriot Finance Minister said that a sale of its gold reserves was not the only option under consideration to pay down its debt and that other alternatives were being considered. Cyprus

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  • Gold and Inflation – What’s to Come?

    It’s no big secret that with inflation typically comes an increase in the price of gold. Gold has been seen as a safe haven for investors for many years. Because of this, investors buy gold during times of inflation to help preserve their wealth. Therefore, demand goes up, and typically so does the price of

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  • Gold Bullion Demand Up 11 Percent in Q1

    May 23, 2011, Los Angeles – Gold bullion prices rallied 1.16 percent or $17.30 to finish the week at $1,511.80 an ounce as the U.S. reached its $14.3 trillion federal spending limit last Monday with Congress no closer to an agreement on raising the borrowing cap. The price of silver lost 0.88 percent or $0.31

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