Gold Demand Will Continue to Grow says _WTC
According to WTC and other resources it is quite clear that demand of this high priced commodity will keep on increasing.Latest stats from Reuters Africa shows the same as Gold priced in euros XAUEUR=R reached an eight-week high at 976.63 euros an ounce, and was later at 975.22 euros versus 973.59 euros.Sterling-priced gold XAUGBP=R also hit its highest since mid July at 803.40 pounds an ounce, before easing back to 802.44 pounds from 797.96 pounds.
Article references at bottom of the post
India and China will be the main pushers of this demand,specially for jewellery. A report recently published by The People’s Bank of China and five other organisations to foster the development of the domestic gold market will add impetus to the growth in gold ownership among Chinese consumers.
India’s total demand for gold stood at 164.5 tonnes for the quarter ended June, compared to 164.2 tonnes in the quarter ended June 2009. As far as jewellery is concerned global jewellery demand remained robust in Q2 2010.
But it proves to be the most liked investment option as Investment demand was the strongest performing segment during the second quarter, posting a rise of 118% to 534.4 tonnes compared with 245.4 tonnes in Q2 2009.
Are you still waiting for gold to come under your reach,well it might be not possible yet as though the world economy is strengthening but still investors are looking this commodity as the best option against inflation and volatility
http://af.reuters.com/article/metalsNews/idAFWLA144320100825