ETFs may hit $1-trillion level by 2010 – Absa Capital

Exchange-traded funds (ETFs) are among the fastest-growing investment instruments worldwide, says Absa Capital’s head of ETFs and index products, Vladimir Nedeljkovic. When ETFs were first started in the US in 1992, they were limited to...

ETFs may hit $1-trillion level by 2010 – Absa Capital

The ETFs market was relatively quiet until 1999, when it grew in prominence globally. Currently, ETFs worth $700-billion are listed worldwide. Some researchers have estimated that the ETFs market could reach the $1-trillion mark by the end of 2009...

Record demand for gold as investors seek haven from turmoil - WGC

The dollar demand for gold has reached an all time quarterly record of $32-billion in the third quarter of 2008, as investors around the world sought refuge from the global financial meltdown, the World Gold Council (WGC) said on Friday. This...

Gold demand by value rose to record in Q2

Although total identifiable demand for gold fell 19% year-on-year in the second quarter of 2008, demand in terms of value rose 9% to a new quarterly record of $21,2-billion, the World Gold Council (WGC) said this week. In tonnage terms, demand...

Daily podcast – May 20, 2008

In today's podcast: Nersa suggests that Eskom should not manage the procurement of new private generation capacity, BHP Billiton to bring large diesel generator sets to its Hotazel manganese mines, and global demand for gold falls 16% y/y in...

Gold exchange-traded funds buy 72 t in Q1 - WGC

Investors bought 72 tonnes of bullion through gold exchange-traded funds (ETFs) in the first quarter of 2008, bringing the total to 943 tonnes as gold scaled a record high during the period, the industry-sponsored World Gold Council (WGC) said on...

Barrick's Wilkins named World Gold Council chairperson

The CEO of the world's biggest gold-mining company, Barrick Gold chief Greg Wilkins, has been appointed chairperson of the World Gold Council with immediate effect, the body said on Wednesday. Wilkins replaces Pierre Lassonde, who served in...

Gold glitters in industrial uses

The virtues and unique characteristics of gold such as ductility, reflectivity, resistance to corrosion, and ability to be used as a thermal and electrical conductor, makes it an ideal candidate for use in a variety of industrial applications,...

Record year for nonjewellery uses of gold

World Gold Council industrial applications manager Dr Richard Holliday, writing in Rand Refinery’s latest annual report, says that despite the gold price being at historically high levels, 2007 looks set to be a record year for industrial...

Price stability drives gold demand recovery

Gold demand figures for the third quarter of 2006 have revealed a dramatic shift in gold demand over the three month period from July to September.

Gold ETFs record significant gains in third quarter

Gold investment demand trends in the third quarter varied widely by product type, with the futures market suffering heavy liquidation, compared to an overall growth in demand for products such as Exchange Traded Funds (ETFs).

Further growth in demand anticipated for world’s largest gold consumer

For the past decade, India has been the world’s largest gold market in volume terms with gold sales averaging 676 t a year since 1997.