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🔴 Major Outage | 🟠Partial Outage | 🟢 Operational
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The World Gold Council is the authority on gold, dedicated to providing unique market and industry research while promoting the importance of gold in the modern economy.
Gold plays a significant role in socio-economic development by providing financial security, fostering investment in communities, and supporting responsible mining practices that align with ESG standards.
In July 2024, global gold ETFs experienced their strongest inflow since April 2022, attracting US$3.7 billion, marking the third consecutive month of inflows, with Western funds leading the trend.
Historically, geopolitical uncertainty has positively impacted gold's value, as it is often seen as a safe-haven asset during times of crisis, leading to increased demand for physical gold.
The World Gold Council is leading by example in responsible mining by promoting enhanced supply-chain transparency and ensuring high ESG standards across the gold supply chain.
A: Major outages are rare, occurring only a few times a year. Minor issues can happen more frequently.
A: Most outages are resolved within a few hours. Extended outages lasting more than a day are extremely rare.
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