India and China Continue to Drive Gold Demand

USfunds.com reports jewelry demand, which increased 8 percent on a year-over-year basis, accounted for 57 percent of overall demand.

The editorial is quoted as saying:

It appears consumers and investors, especially in India, China, Russia and Turkey, are growing accustomed to higher gold prices. At the end of the third quarter, gold demand in India had already exceeded that of 2009 and demand levels in China are ahead of last year’s pace.

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