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Gold demand in the third quarter of 2011 reached 1,053.9 tonnes, an increase of 6% compared to the same period last year. This equates to $57.7 Billion, an all-time high in value terms. According to the World Gold Council’s Gold Demand Trends report for Q3 2011, this increase was driven by investment demand which [...]  Jewelry purchases have historically made up the majority of annual gold demand. With record high gold prices and a worldwide economic slowdown, jewelry demand has plummeted by over 50% in some countries and 24% overall during the first quarter of 2009. Industrial demand has declined even more sharply during Q1, posting a 31% drop [...] |
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