Strong start to 2010 gold demand in China, India - WGC
posted on
Mar 03, 2010 10:00AM
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In an effort to keep you up to date on all information regarding the resource sector, please see the attached article titled Strong start to 2010 gold demand in China, India - WGC
Gold demand by the world's top two consumers has started strong in 2010, with India's jewellery industry buying regularly and tighter monetary policy in China not affecting purchases, the World Gold Council said on Thursday.
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AGORACOM Investor Relations
The WGC says India's jewellery sector has been buying regularly while tighter monetary policy in China has not affected buying.
Posted: Thursday , 25 Feb 2010
BEIJING (Reuters) - Gold demand by the world's top two consumers has started strong in 2010, with India's jewellery industry buying regularly and tighter monetary policy in China not affecting purchases, the World Gold Council said on Thursday.
Gold XAU= accounted for 42 percent of global demand between the October 2008 and September 2009 period of the financial crisis, up from 26 percent the year before, while jewellery demand, a normal mainstay, weakened, the London-based WGC said.
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