Tag: World Gold Council

Massive Discrepancy In 2013 China Gold Demand!

Massive Discrepancy In 2013 China Gold Demand!

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The World Gold Council today released its “Gold Demand Trends Full Year 2013” report.  This latest report alleges that China’s jewelry demand for 2013 (on page 19 of the report) was 150.7 tons (about 4.85 million troy ounces), that the Chinese bar and coin […]

Gold industry generated over $210 billion for the global economy in 2012, new study finds

Gold industry generated over $210 billion for the global economy in 2012, new study finds

The gold industry contributed more than US$210 billion to the world’s economy in 2012 – roughly equivalent to the GDP of the Republic of Ireland, Czech Republic or Beijing – new research released today reveals. The direct economic impact of gold, an independent research report by economists at PwC and commissioned by the World Gold […]

Consumer Demand for Gold Up 53% in Q2 2013 Led by Strong Growth in China and India

Consumer Demand for Gold Up 53% in Q2 2013 Led by Strong Growth in China and India

The latest World Gold Council Gold Demand Trends report, which covers the period April-June 2013, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India – by far the biggest markets for gold – compared with the same time last year. Globally, jewellery […]

China, central banks and ETFs underpin demand for gold

China, central banks and ETFs underpin demand for gold

Global gold demand in Q1 2012 was 1,097.6 tonnes (t), down 5% from the high demand levels seen in Q1 2011 (1,150.7t), according to the World Gold Council’s Gold Demand Trends report. This decrease was largely to be expected given the introduction of import taxes in India and high gold prices. Gold demand value however, […]

Asian axis of India and China continues to advance gold demand

Asian axis of India and China continues to advance gold demand

Gold’s strong start to the year was reinforced during the second quarter of 2011 where total global gold demand measured 919.8 tonnes (t), worth a near-record US$44.5bn, with broad-based support across all sectors and geographies. Standout markets were India and China, as these two markets accounted for 52% of total bar and coin investment and […]

Gold Demand Trends first quarter 2011

Gold Demand Trends first quarter 2011

The outlook for global gold demand remains robust throughout 2011 against a background of another strong quarter, the geographic and sectoral diversity of demand and strong fundamentals. Demand for gold in the rest of 2011 will be driven by a number of key factors. Key factors: Prevailing global socio-economic conditions will continue to drive investment […]

Global gold demand at 10 year high in tonnage and all time high in value in 2010

Global gold demand at 10 year high in tonnage and all time high in value in 2010

2010 was an outstanding year for gold, with strong demand across all sectors, the World Gold Council said today. Gold demand for the year reached a ten year high with annual demand of 3,812.2 tonnes worth approximately US$150 billion. On 9 November 2010, this demand led to a new record gold price of US$1,421.0/oz on […]

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