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Gold is moving from West to East and the demand is still growing

Posted on 20 May 2011

Investment demand was once again the major driver of gold demand growth during the first quarter of 2011 according to the World Gold Council’s Gold Demand Trends report for Q1 2011.
During the first quarter of the year, investment demand grew by 26% to 310.5 tonnes from 245.6 tonnes in the first quarter of 2010. But, while overall investment did well, the majority of the growth was seen in the market for bars and coins. ETFs and similar products saw net outflows of 56 tonnes ($2.5bn). Redemptions were concentrated in January……………………………………….Full Article: Source


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