U.S Q2 Gold Demand Surged 10% Despite Weak Jewelry
U.S. gold demand in the second quarter surged 10 percent year-over-year as nearly doubled investment demand offset weaker jewelry purchasing, as per industry report by the World Gold Council released on Wednesday.
George Milling-Stanley, WGC’s managing director of government affairs, stated:
What you would expect from an economic crisis is depressed jewelry demand all over the world, and the U.S. is certainly not immune.
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Wed, Aug 19, 2009
Post by Melissa Pistilli, Gold Senior Reporter