World Gold Council


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World Gold Council

A professional organization of mining companies that produces gold. It exists to promote the use of, and investment in, gold through research, lobbying, and other means. Importantly, it has worked for reducing regulation on the gold trade. It also provides educational opportunities for members and the general public through its Goldipedia service, among other things. It was established in 1987 and is headquartered in Geneva. See also: Gold bug, Gold fund.

World Gold Council

an organization based in Geneva whose main objective is to promote the sale of GOLD bullion (bars and coins) to investors, and to widen the appeal of gold as an ornamental (jewellery) material and as an industrial base metal.
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According to World Gold Council, full-year gold jewellery demand increased by four per cent to 2,135.
Garry Jones, the Chief Executive of the LME, said: We are delighted to be working with the World Gold Council and a group of leading banks, to now take this project forward towards an enhanced market structure.
Aram Shishmanian, CEO of the World Gold Council commented, "We are delighted that AAOIFI recognises the importance and value of creating a Shari'ah Standard for gold, and has agreed to take the leadership in developing this new Standard.
While there is some guidance for gold coins and bars, there is virtually no guidance on gold elsewhere in the financial sector," said Aram Shishmanian, CEO of World Gold Council.
We are proud to be joining the World Gold Council, and look forward to contributing to its vision of providing industry leadership, while stimulating and sustaining the worldwide demand for gold.
4 tonnes in 2011, according to the World Gold Council.
In March, the World Gold Council shut down its office in the UAE, citing a strategic review of its operations.
The World Gold Council, the market development organization for the world's gold industry, has signed a 10-year, 11,500 s/f lease to relocate to 510 Madison Avenue, more than doubling the size of its New York City headquarters.
Last year, the World Gold Council released a report highlighting the recent revision of Saudi Arabia's Monetary Agency reported gold holdings from 144.
JASON TOUSSAINT, MANAGing director for investment at the World Gold Council, is, unsurprisingly, bullish on gold.
Dubai Multi Commodities Centre (DMCC) and the World Gold Council today launched The Palm edition of the prestigious "Visions of Dubai" (VoD) gold coin series.
DUBAI: Middle East fourth-quarter gold demand fell 32 percent on the year as jewelry sales continued to feel the impact of high prices and the global economic downturn, the World Gold Council said on Wednesday.

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