World Gold Council

Progress towards meeting Goal 3 has been hit particularly hard by set-backs, with recent advances across a number of the targets being eroded.

Strong consumer demand recovery and Q2 gold ETF inflows were not enough to offset heavy Q1 outflows.

Miners have additional costs related to COVID-19 which did not exist in Q1 2021, such as additional PPE, testing and quarantine procedures.

Gold used in technology recovers from 2020 lows: Q2 demand was 18% higher y-o-y at 80 t – in line with average Q2 demand from 2015-2019.

"Each of them will bring a different area of expertise to our organization and I look forward to collaborating with them in 2021."

Global gold demand dropped by 28% y-o-y to 783.4t in Q4, making it the weakest quarter since the global financial crisis in Q2, 2008.

The World Gold Council, in its Gold Outlook 2021 report, envisages another well supported year for gold investment, while consumption should benefit from the nascent economic recovery, especially in emerging markets.

The World Gold Council has identified that 99% of the greenhouse gas emissions from the gold sector are related to gold mining operations.

The benchmarks enable all stakeholders to understand the coverage of different schemes in terms of the issues of concern to them.

The World Council reports the year-to-date demand of 2,972.1 t was 10% lower versus the same period in 2019.