World Gold Council Report
Q1 2012 saw the gold price rise 8.6% to reach US$1,662.50/oz on the London PM fix by quarter-end on 30 March (Chart 1). The average price for the quarter was marginally higher than Q4 2011 (+0.2%) and 22% higher on a year-over-year basis, as drivers of gold demand and supply continued to support its long-term trend. This performance was echoed in all major currencies. Local Japanese investors benefited the most as a weaker yen on investment outflows for foreign acquisition and a Bank of Japan commitment to quantitative easing saw gold rise 16.1% in local currency terms. LINK...
