Global central banks recorded net gold purchases of 60 tons in October, the highest monthly total in 2024, according to the latest data from the World Gold Council (WGC). The surge in buying was led by India, Turkey, and Poland. In contrast, the Philippines emerged as a significant seller during the period, offloading approximately 5 […]

Gold mining continues to be a significant economic contributor in the Philippines, with the industry injecting over $407 million into the national economy in 2023, according to the latest data from the World Gold Council (WGC).  The Philippines, a key player in global gold production and home to major WGC members like B2Gold and OceanaGold, […]

Gold prices have been rising globally this year, with China’s gold market leading the charge in October, according to a recent report from the World Gold Council. The London Bullion Market Association (LBMA) gold price (in U.S. dollars) in the morning increased 4.9 percent, while the Shanghai Gold Benchmark (in Chinese yuan) in the afternoon […]