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Investment Demand Will Continue to Support Robust Gold Market During 2010
Aug. 25, 2010 11:54AM PST
Precious MetalsWorld Gold Council reported that the demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery.
World Gold Council reported that the demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery.
The press release is quoted as saying:
Total gold demand[1] in Q2 2010 rose by 36% to 1,050 tonnes, largely reflecting strong gold investment demand compared to the second quarter of 2009. In US$ value terms, demand increased 77% to $40.4 billion.
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