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Gold Surging!

Reuters reports this morning that Consumer demand for gold jumped seven percent in 2004 -- the first rise in four years -- with sharp price rises failing to deter buyers, the industry-backed World Gold Council (WGC) said on Thursday. Analysts polled by Reuters in January expect the price to extend gains in 2005.

On a regional basis consumer demand, including jewellery and retail investment, rose 17 percent in 2004 in India -- the world's largest gold market.

Demand in major consumer China was up 13 percent in 2004, with better designs and higher gold prices helping to brighten the metal's allure.


Posted by Barry Gutwein on February 24, 2005 7:03 AM in Precious Metals | Comments (18)

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