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Commodities Briefing - Categorized | Bullion/Gold, Price Watch, Trends more

Gold price endures rollercoaster ride

Posted on 19 February 2014

The World Gold Council’s (WGC) annual report on demand trends for the precious metal reveals the inner workings of the market last year. While gold’s price endured something of a roller coaster ride, the fundamentals underpinning its value seemed to have been remarkably resilient.
Last year saw the largest volume increase in jewellery demand for 16 years as consumers across the globe reacted to lower gold prices, the WGC revealed. Full year demand was 2,209.5 tonnes, 17% above the 2012 figure and the highest level since the onset of the 2008 financial crisis………………………………………..Full Article: Source


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