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SHINE OFF: Gold demand fallsGlobal gold demand fell last year for the first time since 2009 as jewellery buying abated in the key Indian and Chinese markets and US and European coin and bar investment dropped, the World Gold More… |
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China Q1 gold demand hits recordChina's gold demand hit a record high in the first quarter on investor worries over inflation and property market curbs, the World Gold Council said on Thursday, bucking a lower trend in global consumption driven by higher gold prices. Gl More… |
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Gold posts worst closing since JuneGold fell further on Monday but could attract bargain hunters after posting its worst closing since June in the previous session as the dollar rallied against the euro on growing doubts about Europe's ability to resolve its debt crisis. Sp More… |
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Concerns about global economy boost goldThe gold market continued to be supported by concerns over the health of the global economy, especially in developed nations, according to the latest Gold Investment Digest published by the World Gold Council (WGC). These concerns, particu More… |
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Saudi gold reserves surge to 323 tonnesSaudi Arabia has been hoarding gold for the past year and its reserves have gone up substantially, from 143 tonnes previously reported, to 322.9 tonnes, it was revealed. Saudi Arabia is the world’s fourth-largest holder of foreign exchange More… |
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DMCC unveils new Dubai gold coin seriesDubai Multi Commodities Centre (DMCC) and the World Gold Council (WGC) have launched The Palm edition of the prestigious 'Visions of Dubai' (VoD) gold coin series. The coin features the image of Sheikh Mohammed Bin Rashid Al Maktou More… |
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Gold demand drops 25pc in Q1 but 'improving'Global gold demand is expected to rebound this year as investors buy the metal as a safe store of value amid volatility in the financial markets, and as consumers become accustomed to higher prices, the World Gold Council said. Speaking as More… |
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Gold demand drops 25pc in Q1 but 'improving'Global gold demand is expected to rebound this year as investors buy the metal as a safe store of value amid volatility in the financial markets, and as consumers become accustomed to higher prices, the World Gold Council said. Speaking as More… |
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Indian festival lifts gold sales in GulfThis year's Indian Akshaya Tritiya festival helped boost retail gold sale volumes in the Gulf region by 11 per cent compared to last year's despite high bullion prices, the World Gold Council (WGC) said. More than 720 kilograms of gold wor More… |
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Gold prices 'will stay robust in 2010'Pension funds and global central banks will ensure gold remains a "robust" market in 2010 as they invest in the metal as part of their wealth preservation strategies, the World Gold Council said on Wednesday. "Last year we saw a very notic More… |
