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World Gold Council

World Gold Council
The latest news and top stories on World Gold Council. A prominent London-based professional association, the World Gold Council is dedicated to stimulating and sustaining global demand for gold. Its main areas of focus include conducting market research, providing industry insights and promoting gold as an investment asset. The Council pioneered the first gold exchange-traded fund and developed the Conflict-Free Gold Standard. It works to improve understanding access and trust in the gold market, playing a pivotal role in shaping the gold industry.
A pure gold decorative fan ornament at the Jewellery & Gem World Hong Kong fair at Hong Kong Convention and Exhibition Centre on Wednesday. Photo: Kit Lai
China consumption

As China’s consumption of gold jewellery slumps 34%, sellers pivot abroad: WGC

Domestic gold jewellers are seeking to leverage advanced crafting techniques as market sees turbulence, says World Gold Council executive.

China consumption

Gold jewellery loses its lustre as Chinese switch focus to bars and coins

Banking & finance

Can China bring in more bullion as central banks shift gold reserves from US?

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Commodities

Bullish chorus grows: Wall Street backs gold despite US job growth, hawkish Fed

Record buying spree by central banks offsets Fed tightening fears, pushing gold towards US$5,000 by year-end, investment banks forecast.

Gold is back in favour among investors even as expectations mount for higher US interest rates, which traditionally weigh on the metal. Photo: Reuters
Commodities

Why younger investors worldwide are stashing physical gold despite price swings

Gen Z buyers are driving demand for bullion, spurred by geopolitical tensions, inflation and the appeal of owning gold outright.

Gold in Hong Kong

In Focus | Hong Kong is trying again to be a gold trading hub. Will it succeed this time?

De-dollarisation tailwinds, ecosystem buildout and mainland China’s support plus foreign backing give city’s ambitions credible momentum.

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Gold in Hong Kong

HKEX gold futures smash delivery record as US sanctions reshape trade

The milestone more than doubles the previous peak recorded in 2018.

Hong Kong has introduced a range of measures in recent years aimed at turning the city into a major gold trading centre. Photo: Getty Images
Gold in Hong Kong

China gold ETFs see record US$2.91 billion outflow in June as risk appetite returns

Global gold market trading volumes averaged a record US$488 billion per day during the first half of the year.

Banking & finance

China extends gold-buying binge to 20th month in Beijing’s de-dollarisation push

PBOC’s bullion holdings keep rising as forex reserves dip in June to US$3.42 trillion and the central bank seeks security from sanctions and US market volatility.

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Banking & finance

‘Upside potential’: Why Asian gold buyers offer hope to regain lost ground

The trend reflects a ‘growing relevance’ of Asian markets, while US investors pull back on gold holdings due to higher rates, inflation.

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The World Gold Council said Asian markets were a growing force in gold price discovery, while US investors have pulled back on the metal due to high interest rates and inflation. Photo: Reuters
Banking & finance

Central banks expand bullion holdings as US dollar’s dominance wavers

World Gold Council states about nine in 10 central banks will increase holdings as de-dollarisation trend continues amid global instability.

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World Gold Council says nine out of 10 central banks will increase their gold holdings as the de-dollarisation trend continues. Photo: CFOTO/Future Publishing via Getty Images
India

Gold smugglers ‘make a killing’ in India as grey market outshines tariffs

Illegal gold imports could exceed 100 tonnes this year, threatening US$2.65 billion in ⁠government revenue.

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Gold in Hong Kong

World Gold Council says diversification driving China’s growing reserves

China’s gold reserves have grown for 18 straight months, country’s central bank says.

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Laos

Search in flooded cave for 7 gold-mining villagers in Laos enters sixth day

Thai teams have joined the mission, as rescuers share photos of the treacherous conditions in the cave tunnel.

A rescuer navigates through a flooded cave in Xaysomboun province, Laos, where seven villagers who were mining for gold are trapped. Photo: Facebook/Thailand Rescue Diver
Yuan

China joins global sell-off of US Treasuries in March as Iran war prompts panic

Seven of the top 10 foreign holders cut their exposure to US government debt, led by Japan, which offloaded US$47.7 billion.

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Mainland Chinese investors are among seven of the top 10 foreign holders to cut their exposure to US government debt, triggered by uncertainty around the war in Iran. Photo: AFP
China’s private sector

‘Explosive’: why China’s gold recycling industry is growing at record speed

More than half of the country’s gold recycling firms are less than three years old.

Central banks

Gold loses its shimmer in Asia over rising oil prices, hawkish Fed stance

Demand for the metal is likely to remain weak, with central banks not expected to cut interest rates for some time due to high energy prices.

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China economy

Strong Lunar New Year demand fuels China’s gold jewellery market

Retailers offer small discounts to spur holiday sales but are set to raise prices after the festival, as investment banks issue bullish outlooks.

Customers look at gold rings at a jewellery store in Shanghai. Photo: Reuters
Banking & finance

Opinion | Central banks are propelling a 21st century global gold rush

The world must choose between believing in the authority of central banks to decide the worth of fiat currencies or trusting in gold as a store of value.

Gold in Hong Kong

Gold demand set to stay strong in 2026 as risks persist: World Gold Council

Rising geopolitical tensions and shifting monetary policy expectations are reinforcing gold’s investment role.

Banking & finance

Chinese banks lure investors with gold-linked deposits amid soaring prices

Such products may offer better returns than fixed deposits, but these investments are not without risks, analyst says.

Banks in China are offering investors gold-related products as an alternative for them to diversify their portfolios. Photo: Reuters
Jewellery

Why gold prices fluctuated in 2025, hitting highs and plunging

The Fed’s rate cuts and global unrest pushed gold to record prices in 2025, but the end of the year tends to be volatile.

Gold prices surged past US$4,500 per ounce amid rising global conflicts and Fed cuts. Photo: AFP
Mainland China

Gold fever in China

Prices for the precious metal have hit record highs spurred by Chinese retail investors and central bank purchases.

Banking & finance

Gold demand hit record high in third quarter and will remain strong, report says

Amid a recent pullback, World Gold Council said ‘strategic case to hold gold remains firmly in place’.

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Commodities

Macroscope | Global uncertainty driving gold prices higher despite bubble fears

Even with stock markets surging, the price of gold is hitting new records as investors seek out stability.

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People walk past jewellery shops and gold dealers in Hatton Garden, London, Britain, on October 8. Photo: EPA
China consumption

China’s gold fever: record prices spark excitement and FOMO – buy, sell or hold?

As Goldman Sachs predicts gold will hit US$4,000 an ounce, a nuanced picture emerges on the ground in China, revealing a complex relationship with the precious metal.

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Gold prices could surpass US$4,000 an ounce by the middle of next year, analysts say. Photo: Nora Tam
IPO

Zijin’s gold unit says it tops the world in output growth ahead of IPO

Average annual gold output grew 21.4 per cent between 2022 and 2024, making it the world’s 11th biggest producer last year, said the unit of Zijin Mining Group.

Banking & finance

China extends gold-buying streak as central banks seek US dollar alternatives

A 10th consecutive monthly increase for Beijing’s gold holdings comes as global institutions turn to ‘ultimate currency’ for safe haven.

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