The World Gold Council’s investment research programme provides investors around the world with key information about the dynamics of the gold market and about the investment properties of gold as an asset class.
We publish a wide range of research papers looking at gold's investment characteristics. Our research examines gold’s special characteristics as a store of value, inflation and currency hedge, and portfolio diversifier.

This website provides access to an extensive archive of these papers, in addition to regularly offering new material.

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Featured research

Below you’ll find a selection from our most frequently downloaded recent thematic research papers.
Gold: A commodity like no other
Gold: hedging against tail risk
India: heart of gold: revival
India: heart of gold: strategic outlook
The ten year bull market in perspective
The Importance Of Gold In Reserve Asset Management
An investor’s guide to the gold market (US edition)
An investor’s guide to the gold market (UK edition)
China Gold Report: Gold in the Year of the Tiger
Linking Global Money Supply to Gold and to Future Inflation
Gold as a tactical inflation hedge and long-term strategic asset
Gold as a Strategic Asset for UK Investors

Thematic research

The following papers are listed by theme, although some subjects are not mutually exclusive and some papers may cover a range of topics; therefore, several papers may be listed more than once.
Portfolio diversification
Exploring the importance of gold in portfolio diversification.
Gold and inflation
Exploring gold's inflation hedging properties.
Gold and the dollar
Exploring the relationship between gold and the US dollar.
Wealth preservation
Exploring gold's wealth preservation properties.
Country case studies
Exploring gold's demand and supply dynamics in a selection of key markets.
Gold and commodities
Exploring the commodities complex, and the characteristics of its components.
The gold market
Exploring various aspects of the market, broadly defined.
Central Banks
Exploring central bank reserve asset management.