"Over 3000 Jewelry Merchants and Jewelry Shopping located on
12 City Blocks in Los Angeles's Historic Jewelry District"

As of the IMF’s May release of its International Financial Statistics, several countries have reported additional purchases of gold. Notably, Mexico reported to the IMF that it acquired 14.8 and 78.5 tonnes of gold in February and March, respectively. This was a significant increase in its gold holdings, raising Mexico’s position in the table to the 34th largest holder of gold with 100.2 tonnes.

Lower volatility and dollar weakness increased investment and jewellery demand in key markets

The World Gold Council respectfully submits to the Commodity Futures Trading Commission (the “CFTC”) the following comments and recommendations in response to the Federal Register Notice of January 26, 2011 that pertains to the notice of proposed rulemaking to establish position limits for certain physical commodity derivatives (the “Proposed Rule”) pursuant to Section 737 of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).

Investors who assume that an investment in a commodity index provides effective gold exposure are failing to optimise portfolio performance, according to a new study published today by the World Gold Council.