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Global Demand For Gold Soars 38 Per Cent
Posted By admin On July 21, 2009 @ 3:12 am In Money Watch | Comments Disabled
Brisbane Times 
Tuesday, July 21, 2009
Global demand for gold soared 38 per cent in the March quarter compared with the same period in 2008, as investors banked on the metal’s safe-haven role amid tough economic conditions.
Strong investor appetite for gold countered a fall in demand for the precious metal in jewellery and industrial uses, World Gold Council investment research manager Rozanna Wozniak told a teleconference on Tuesday.
“Jewellery demand weakened, which isn’t surprising given the extreme economic conditions that consumers face: rising unemployment, falling house prices and low levels of consumer confidence,” Ms Wozniak said.
“Industrial demand also weakened. Once again, this is hardly surprising given the economic conditions.
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URLs in this post:
 Brisbane Times: http://news.brisbanetimes.com.au/breaking-news-business/world-gold-council-figures-seal-status-20090721-drov.html
 Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5
 World Gold Council Releases Q4 And 2009 Gold Demand Trends Report: http://www.prisonplanet.com/world-gold-council-releases-q4-and-2009-gold-demand-trends-report.html
 Gold purchases up 36% as investors look to preserve wealth: http://www.prisonplanet.com/gold-purchases-up-36-as-investors-look-to-preserve-wealth.html
 Gold Vaults Charge More For Storing Bullion As Demand Soars -Report: http://www.prisonplanet.com/gold-vaults-charge-more-for-storing-bullion-as-demand-soars-report.html
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 World Gold Council Sees Ever Greater Demand For Gold, As “Consumers Become Accustomed To Higher Prices”: http://www.prisonplanet.com/world-gold-council-sees-ever-greater-demand-for-gold-as-consumers-become-accustomed-to-higher-prices.html
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