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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Slump in recycled gold rebalancing surplus market - WGC

Posted on 07 August 2013

A dramatic drop in the recycling of gold jewellery was helping to rebalance the global bullion market, now in surplus, and could set the stage for a price recovery, the industry-funded World Gold Council said on Tuesday.
The council’s managing director of investment, Marcus Grubb, said supplies of gold from recycling would fall by 300 tonnes in 2013, almost a fifth of last year’s 1,600 tonnes, as low bullion prices discourage people from cashing in their jewellery………………………………………..Full Article: Source


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