World Gold Council: Gold statistics for Q2 2011
The World Gold Council yesterday published the latest issue of Gold Demand Trends for Q2 2011, which suggests a positive outlook for gold. A summary of the report is provided below.
“Gold’s strong start to the year was reinforced during the second quarter of 2011 where total global gold demand measured 919.8 tonnes (t), worth a near-record US$44.5bn, with broad-based support across all sectors and geographies. Standout markets were India and China, as these two markets accounted for 52% of total bar and coin investment and 55% of global jewellery demand.
“According to the Gold Demand Trends report for Q2 2011, gold demand in the second half of 2011 will remain strong owing to a number of key factors:
Source: World Gold Council – Global Demand Trends Q2 2011, August 18, 2011.
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