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World gold demand cannot stop falling gold prices

Posted on 15 November 2013

The World Gold Council is out with its third-quarter gold demand trends. Despite soft gold prices, the council maintains that gold demand remains strong, even with many of the negative factors.
The total supply of gold in the third quarter was down 3% from the same period a year ago to 1,145 tonnes. Modest growth of 4% in gold mining production was seen during the third quarter. There was an 11% contraction in recycling, as lower average prices failed to attract sellers………………………………………..Full Article: Source


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