The World Gold Council
The World Gold Council was founded in 1987 by leading gold mining companies as the market development organisation for the gold industry. The mission of the World Gold Council is to stimulated and sustain demand for gold. The World Gold Council is active in four sectors: Investment, jewellery, technology and official sector.
Over the years the World Gold Council has partnered with various organisation in developing new gold investment products and making gold investments more accessible for private and institutional investors.
The London Bullion Market Association
The LBMA was also founded in 1987 and is the trade association for the professional gold and silver market in London. The London Bullion Market Association sets and fosters standards and practices for trading gold and silver.
The Gold Fixing
The Gold Fixing describes the price fixing, which is done two times each trading day (a.m. and p.m. fixing) by a conference among the following five bullion banks: Barclays Capital, Deutsche Bank, Scotia Mocatta, HSBC and Societe Generale.
The Gold Fixing provides a published benchmark price for gold producers, consumers, investors and central banks.