https://www.scmp.com/rss/522194/feed 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... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhu Wenqian Zhu Wenqian In the run-up to Lunar New Year, Chinese consumers were busy choosing gold jewellery, a traditional gift with deep cultural connotations, as strong market sentiment overshadowed sharp fluctuations in gold prices and assessments of the sector’s outlook by investment banks remained upbeat. Jewellers offered small discounts to boost holiday sales. For example, Chow Tai Fook Jewellery Group, China’s largest retailer by store count, launched an 80 yuan (US$12) discount per gram on gold items in its... https://www.scmp.com/business/commodities/article/3343782/strong-lunar-new-year-demand-fuels-chinas-gold-jewellery-market?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3343782/strong-lunar-new-year-demand-fuels-chinas-gold-jewellery-market?utm_source=rss_feed Tue, 17 Feb 2026 06:00:15 +0000 Andrew Sheng Andrew Sheng This year started with a bang – from the United States’ intervention in Venezuela and the investigation opened against US Federal Reserve Chairman Jerome Powell to US President Donald Trump’s renewed claims on Greenland and the potential for US action following instability in Iran. Amid these crises, gold prices are now over US$5,500 per ounce, up over 27 per cent from the price on January 1. This comes after the price of gold jumped by 65 per cent in 2025 after soaring by 27 per cent in... https://www.scmp.com/opinion/world-opinion/article/3341788/us-dollar-weakens-all-glitters-gold?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3341788/us-dollar-weakens-all-glitters-gold?utm_source=rss_feed Sat, 31 Jan 2026 01:30:08 +0000 Zhu Wenqian Zhu Wenqian With economic and geopolitical instability showing little sign of retreat in 2026, momentum from last year’s strong gold demand was likely to persist this year, the London-based World Gold Council (WGC) said on Thursday. Gold investment demand across sectors was expected to remain firm, underpinned by anticipated US Federal Reserve rate cuts, the prospect of a weaker US dollar and the reduced appeal of bonds as risk premiums rise, the WGC said in its outlook. “The continued rally in spot gold... https://www.scmp.com/business/article/3341699/gold-demand-set-stay-strong-2026-risks-persist-world-gold-council?utm_source=rss_feed https://www.scmp.com/business/article/3341699/gold-demand-set-stay-strong-2026-risks-persist-world-gold-council?utm_source=rss_feed Thu, 29 Jan 2026 11:00:18 +0000 Zhu Wenqian Zhu Wenqian An increasing number of Chinese and foreign banks are launching gold-linked structured deposits to attract investors seeking higher returns tied to gold prices, which analysts say provide an alternative to poor returns from time deposits. Rising gold prices, which continue to hit new highs this year, are fuelling renewed enthusiasm in gold as an investment in mainland China. While gold has increased 6 per cent this year to over US$4,620 an ounce, a Goldman Sachs forecast last month projected... https://www.scmp.com/business/commodities/article/3340107/chinese-banks-lure-investors-gold-linked-deposits-amid-soaring-prices?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3340107/chinese-banks-lure-investors-gold-linked-deposits-amid-soaring-prices?utm_source=rss_feed Sat, 17 Jan 2026 01:30:14 +0000 Ishani Sarkar Ishani Sarkar The final week of 2025 may have moved at a syrupy slow pace, but bullion markets seem to be more volatile than ever. After an unprecedented year-end rally, gold rose past US$4,500 an ounce, notching its biggest yearly gain in over four decades, according to Bloomberg News. Meanwhile, silver and platinum aren’t far behind. The price of these precious metals more than doubled in 2025, with silver going up to US$75 an ounce, surpassing even gold’s explosive gains, and platinum crossing US$2,000, a... https://www.scmp.com/magazines/style/luxury/luxury-news/article/3338240/explainer-why-gold-prices-keep-fluctuating-and-why-investors-shouldnt-panic?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/luxury-news/article/3338240/explainer-why-gold-prices-keep-fluctuating-and-why-investors-shouldnt-panic?utm_source=rss_feed Wed, 31 Dec 2025 06:00:18 +0000 Junjie Wang Junjie Wang – https://www.scmp.com/plus/article/3334447/gold-fever-china?utm_source=rss_feed https://www.scmp.com/plus/article/3334447/gold-fever-china?utm_source=rss_feed Fri, 28 Nov 2025 03:07:48 +0000 Sylvia Ma Sylvia Ma Global gold demand hit a record high in the third quarter of 2025, the World Gold Council said in a new report, adding that it remained upbeat about the outlook for the precious metal. The findings came amid a recent pullback in gold prices after a months-long rally that had sent it to record highs. Gold demand reached 1,313 tonnes – or about US$146 billion in value terms – between July and September, the highest quarterly total on record, according to the report released by the trade... https://www.scmp.com/economy/economic-indicators/article/3330912/gold-demand-hit-record-high-third-quarter-and-will-remain-strong-report-says?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3330912/gold-demand-hit-record-high-third-quarter-and-will-remain-strong-report-says?utm_source=rss_feed Thu, 30 Oct 2025 12:00:11 +0000 Nicholas Spiro Nicholas Spiro Goldbugs have a spring in their step these days. In the third quarter of this year, gold was the second-best performing major financial asset after silver, according to Deutsche Bank data. Last month, the price of bullion hit a record high 13 times and currently stands just above US$4,000 per troy ounce after surging 54 per cent this year, the biggest gain since 1979. The past several years have been a boon to the yellow metal, whose role as a store of wealth is amplified during times of... https://www.scmp.com/opinion/world-opinion/article/3328307/global-uncertainty-driving-gold-prices-higher-despite-bubble-fears?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3328307/global-uncertainty-driving-gold-prices-higher-despite-bubble-fears?utm_source=rss_feed Thu, 09 Oct 2025 08:30:08 +0000 He Huifeng He Huifeng With gold prices dancing near a never-before-seen US$3,900 an ounce, Chinese investors and consumers are finding themselves caught up in a whirlwind of excitement and trepidation – frustrated by missed opportunities, wary of the record-high rally, and scrambling to decide whether to buy, sell or hold their glittering assets. After topping US$3,800 an ounce for the first time last week in a surprise surge that has continued this week, gold is keeping market participants on their toes. Li Yue, a... https://www.scmp.com/economy/china-economy/article/3327785/chinas-gold-fever-record-prices-and-see-saw-sentiment-do-consumers-buy-sell-or-hold?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3327785/chinas-gold-fever-record-prices-and-see-saw-sentiment-do-consumers-buy-sell-or-hold?utm_source=rss_feed Sun, 05 Oct 2025 03:00:12 +0000 Eric Ng Eric Ng Zijin Gold International said it was the world’s fastest-growing gold producer, as the offshore unit of China’s largest miner is poised to launch by Friday an initial public offering (IPO) in Hong Kong that could be the city’s second-biggest sale this year. Average annual gold output grew 21.4 per cent every year between 2022 and 2024, making it the world’s 11th biggest producer last year, the unit of Zijin Mining Group said in its IPO prospectus. The Hong Kong-based company produced 1.5 million... https://www.scmp.com/business/banking-finance/article/3325551/zijins-gold-mine-unit-tops-world-output-growth-ahead-us3-billion-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325551/zijins-gold-mine-unit-tops-world-output-growth-ahead-us3-billion-hong-kong-ipo?utm_source=rss_feed Mon, 15 Sep 2025 04:51:23 +0000 Luna Sun Luna Sun China’s central bank extended its gold-buying streak for a 10th straight month in August, part of a broader rush into the precious metal by global central banks that has lifted prices to new heights. The move came as Beijing attempts to further diversify its reserves at a time of mounting geopolitical risks and lingering doubts over the long-term stability of assets backed by the US dollar. China’s foreign exchange regulator said the country’s gold holdings rose to 74.02 million ounces at the... https://www.scmp.com/economy/china-economy/article/3324726/china-extends-gold-buying-streak-central-banks-seek-us-dollar-alternatives?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3324726/china-extends-gold-buying-streak-central-banks-seek-us-dollar-alternatives?utm_source=rss_feed Mon, 08 Sep 2025 08:00:22 +0000 Jevans Nyabiage Jevans Nyabiage Chinese companies and miners in Africa are facing severe security threats from armed groups in search of gold, driven by soaring global prices for the precious metal. Multiple attacks and kidnappings targeting gold miners have been reported from Ghana, the Central African Republic, Mali and the Democratic Republic of the Congo (DRC) in recent months. In Mali – one of Africa’s top gold producers – the Chinese embassy has repeatedly warned its citizens against operating gold mines in the country... https://www.scmp.com/news/china/diplomacy/article/3321419/global-uncertainties-drive-chinese-rush-african-goldfields-despite-risks?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3321419/global-uncertainties-drive-chinese-rush-african-goldfields-despite-risks?utm_source=rss_feed Mon, 11 Aug 2025 05:22:33 +0000