The Latest Breaking News from WGC

Global gold ETFs inch towards record holdings again — but investors aren’t marching in lockstep. According to the WGC’s October report, while U.S. and Asian buyers continued to add to gold-linked exchange-traded funds, European investors opted to cash out.

The World Gold Council (WGC), alongside law firm Linklaters and Hilltop Walk Consulting, has put forward a plan to overhaul the global gold market through a Wholesale Digital Gold ecosystem. This initiative seeks to improve the ownership, trading, and utilization of gold, aiming to bridge gaps in the current system.

The union’s general secretary says the walkout is a historic turning point

China’s central bank has been quietly amassing gold reserves, a move that could have significant implications for the global economy, particularly the U.S. dollar.