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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.
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