The Banking Executive Magazine - May 2024 Issue

World Gold Resources INTRODUCTION This article surveys world gold re- sources. It overviews resources from the World Gold Council, Gold Price Group, Kitco and the World Bank and International Monetary Fund (IMF). The gold resources surveyed are gold prices and charts, gold de- mand and supply, gold market struc- ture and flows, gold mining, the use of gold in various domains and coun- tries with largest gold reserves. The article concludes with future outlook on Union of Arab Banks plans to es- tablish the Arab Gold Gateway, a unique digital portal to knowledge about gold resources tailored and customised to the need of the Arab world. WORLD GOLD COUNCIL RESOURCES The world gold council is the world gold authority. It is a membership or- ganisation that champions the role gold plays as a strategic asset, shap- ing the future of a responsible and accessible gold supply chain. The world gold council team of ex- perts builds understanding of the use case and possibilities of gold through research, analysis, commentary and insights. This drives industry progress, shaping policy and setting the principles for a perpetual and sustainable gold market. The World Gold Council provides knowledge and statistics about the gold market structure and flows, gold trading–over-the-counter and ex- changes. The global gold market structure and flows depicts sources of gold supply and of demand, with an indication of trading volumes, and the scale and composition of above- ground stocks. the BANKING EXECUTIVE 8 ISSUE 185 MAY 2024 WORLD GOLD RESOURCES BY DR SOHA MAAD