WGC – DIGIT INFO

Report: Central Bank Gold Demand Surges in July Amid Rising Prices

DIGIT — Tue, 03 Sep 2024 18:20:44 +0000

Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […]

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Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

DIGIT — Mon, 06 Mar 2023 02:00:03 +0000

Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of […]

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Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

DIGIT — Wed, 07 Dec 2022 17:00:20 +0000

Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at the highest level since 1974. Central Banks […]

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Central Bank Gold Buys This Year Reach an All-Time Quarterly High in Q3, 400 Tons Purchased Is the ‘Most on Record’

DIGIT — Wed, 02 Nov 2022 11:30:01 +0000

According to the World Gold Council’s (WGC) latest quarterly report, worldwide gold demand, excluding over-the-counter (OTC) markets, was 28% higher year-over-year. While demand jumped higher than last year in the third quarter, central bank gold buying tapped an all-time quarterly record in Q3 2022. The quarterly report indicates that the world’s central banks purchased close […]

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World Gold Council Exec Believes Blockchain Technology Will Bolster Trust in the Gold Industry

DIGIT — Mon, 08 Aug 2022 14:00:51 +0000

The World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” Cavatoni spoke about the London Bullion Market Association’s (LBMA) and WGC’s Gold Bar Integrity Programme (GBI) which aims to […]

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Gold Spikes Higher as Fed’s Minutes Report Looms, Central Bank Bullion Purchases Begin to Swell

DIGIT — Tue, 06 Jul 2021 18:00:23 +0000

After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises After Data Shows Central Bank Gold […]

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World Gold Council Survey Shows Cryptocurrency Investment the 5th Most Popular in Russia

DIGIT — Thu, 22 Oct 2020 01:15:08 +0000

According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold. The World Gold Council (WGC) is considered an authority on the gold industry as the market […]

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