
world gold council
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India regains position as world’s #1 gold consumer
- November 13, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News
No CommentsIt is no secret that India loves gold. The consumer gold market makes up a large portion of the country’s economy, as gold adornments and gifts play a vital role in many Indian cultural events. The same is true for China, and in 2013 China surpassed India as the world’s top gold consumer. However, according to
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Gold price pullbacks – a look at history
- November 12, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Learn
Gold prices are currently in a pullback, but it is nothing that hasn’t been seen before. The World Gold Council (WGC) pointed out in a report from January 2014 that since the 1970s, gold has had 12 corrections of more than 20%, adding that “After each of those corrections, an interesting pattern has emerged.” Past performance is
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This Week in Gold: Low prices, huge demand
- November 7, 2014
- Posted by: Orkan Ozkan
- Category: Coins, Gold, Government, News, Silver, This Week in Gold
This week in gold we saw precious metals, particularly silver, fly off the shelves amid low prices and high demand. The U.S. Mint reported record sales of bullion coins during the month of October, and said on Wednesday that its American Silver Eagle coins are temporarily sold out. We also summarized the World Gold Council’s latest
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World Gold Council: 4 reasons gold is a valuable portfolio component
- November 4, 2014
- Posted by: Orkan Ozkan
- Category: Featured, Gold, Learn, News
The World Gold Council (WGC), the market development organization for the gold industry, has released its latest edition of Investment Commentary, which looks into relevant economic factors that may influence gold’s performance in the remainder of 2014. Their outlook for the yellow metal is mostly positive. The report begins by stating that as of October 20, the gold price is up 3.4% this year with record low
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7 Reasons China is Becoming the #1 Producer and Consumer of Gold
- April 15, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News
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
- March 28, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
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
- March 2, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News
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
- August 16, 2013
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
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
- July 18, 2013
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
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: Fundamentals of Supply and Demand
- June 6, 2013
- Posted by: Orkan Ozkan
- Category: Gold, Learn
For the past few years the production of gold has been flat, while the demand from investors and central banks has been trending upwards. A recent article by Steve Wilson from 247Bull highlights the supply and demand fundamentals of the gold market and how it’s been impacted by the recent drop in price. The key points
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