Thursday, November 17, 2011

World Gold Demand Up 6% In Third Quarter

Market Watch
By Francesca Freeman
LONDON (MarketWatch) -- World gold demand rose 6% in the third quarter, boosted by a 33% increase in investment demand as the deteriorating economic landscape in Europe heightened the appeal of the yellow metal as a hedge against insecurity, the World Gold Council said Thursday.
Third-quarter gold demand totaled 1,053.9 metric tons, up from 991.1 tons in the same period of 2010, the industry body said in its latest Gold Demand Trends report. In dollar terms, this equated to $57.7 billion, an all-time high in value terms.   LINK...