The partnership coincides with the official opening of WGC’s new office in Dubai, establishing its regional headquarters for the Middle East
The signatories, including DMCC, have agreed on ten sustainability objectives, such as responsible sourcing standards, advancement of UN SDGs, and action on climate change
According to the World Gold Council, an analysis of gold futures positioning also suggests that gold could rebound in the near term
According to the World Gold Council, while the markets have seen prices ease from exceptionally high levels in Q1 2022, gold has been one of the best performing assets so far this year
The WGC report revealed net buying by central banks more than doubled from the previous quarter, adding over 84t to official gold reserves during Q1 2022