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Emerging-Economy Demand to Support Gold, Silver: Agnico-Eagle CEO
May. 04, 2011 04:34PM PST
Precious MetalsPlatts reported that the CEO of Agnico-Eagle (TSE:AEM) sees demand from China and India keeping gold prices high.
Platts reported that the CEO of Agnico-Eagle (TSX:AEM) sees demand from China and India keeping gold prices high.
The market news is quoted as saying:
As emerging economies such as China and India become wealthier, people in those countries feel the need to own gold. “I think you’re going to see gradual demand increases coming out of that part of the world to the extent they could take up to half to two-thirds of annual mine output,” Boyd said.
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