| According to data from the GFMS gold survey covering the third quarter, there are a number of factors driving the gold price. Retail investment in top gold consuming countries India, China and Germany saw buying increase 30%, 26% and 19% respectively from a year earlier.
These three markets alone accounted for an extra 26t of retail buying in the third quarter. This was balanced by slightly weaker jewellery demand, the largest consuming sector according to the survey, which was marginally lower. Meanwhile, supply was also slightly higher, and remained at a 51 ton surplus...............................................Full Article: Source
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