UK suffers biggest Q4 decline as consumers remain cautious amid political uncertainties.
World Gold Council names new chief executive officer
David Tait joins the gold industry following a successful career in financial services.
World Gold Council gives itself a year to replace outgoing visionary
The World Gold Council has begun the search for a CEO following the news that Aram Shishmanian will step down from his position next year following a decade in charge. The WGC hope that by getting the recruitment process underway earlier, they will be able to ensure a smooth transition as Mr Shishmanian isn’t scheduled…
Global gold jewellery demand dips in Q2 2018
Global gold jewellery demand posted a slight decline in Q2 2018, compared to the same time last year. According to the World Gold Council, global gold jewellery demand fell by 2% during the second quarter due to challenging conditions in a few key markets. India and the Middle East were the main drivers of the…
Gold jewellery demand stabilises in the UK during Q1
UK gold jewellery demand began to stabilise during the first quarter of the year, reveals the World Gold Council (WGC) in its Gold Demand Trends Q1 2018 report. While gold jewellery demand showed little change globally in Q1 2018, demand in the UK which was previously hit by Brexit concerns, calmed (up 1%), and consumers across…
Global gold jewellery demand increases for the first time in four years, but the UK still suffers
A modest Q4 growth set the seal on a positive year for global jewellery demand, but the UK still remained troubled by Brexit concerns. According to the World Gold Council’s full-year report for 2017, global demand for gold jewellery in 2017 increased by 4% to 2,135.5t – the first year of growth since 2013. While…
OPINION: Cryptocurrencies are no substitute for gold
Bitcoin’s parabolic price rise was the big story of 2017 – putting the spotlight on the cryptocurrency market. While gold’s performance was a solid 13%, it was a fraction of the 13-fold increase of bitcoin by the end of the year. Some commentators went as far as to claim cryptocurrencies could replace gold. Here, the…
OPINION: What to expect for gold in 2018
The gold price has moved ahead this year, despite rising US interest rates and a persistent bull market in equities. Looking ahead, there are several reasons to believe that gold could maintain upward trajectory, as John Reade, chief market strategist at the World Gold Council, explains. Investor attention may have been focused on US equity…
UK gold jewellery demand hit by pre-Brexit jitters
UK gold jewellery demand was hit by pre-Brexit jitters, reveals the World Gold Council (WGC) in its Gold Demand Trends Q3 2017 report. While gold jewellery demand suffered globally in Q3 2017, weakness in Europe was largely due to losses in the UK. As other markets remained broadly steady, the UK suffered from consumer uncertainty…
World Gold Council reveals how the UK is holding up in the global gold market
Following the World Gold Council’s report, which gave insight into the threats facing the UK gold trade, Professional Jeweller spoke with the council’s head of market intelligence Alistair Hewitt to find out how the UK is comparing with other markets. PJ: The report outlines the jewellery demand in the UK has been weak and we…
