| India and China propped up global gold demand to near-record level of $44.5 billion in the second quarter of the calendar year 2011 in an otherwise tepid market, but the precious metal is poised for a huge leg-up in the current quarter through September due to a fresh surge in investors’ interest in haven assets following a financial crisis in major economies, according to the World Gold Council.
Global gold demand rose 5% in value in the quarter through June from a year before, although consumption suffered a 17% dip in volume to 919.8 tonne during the period due to high prices of the precious metal, the Council said in a report on Thursday..............................................Full Article: Source
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