| Gold demand for jewelry fabrication in the second quarter surged to its highest level in five years as a sharp drop in the price of gold was “met with a very positive reception across the globe,” the World Gold Council said Thursday.
Gold jewelry demand by volume increased 37 percent to 575.5 tons, according to the WGC’s Gold Demand Trend report for the second quarter of 2013. The demand for gold jewelry was so great that it far outweighed the decline in the average gold price as the demand in terms of value rose 20 percent to nearly $26.2 billion, the fourth highest on record...............................................Full Article: Source
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