Mining Weekly reported that the demand for physical gold in Asian particularly is sky rocketing, propelled up by weaker currencies.
Articles Tagged "gold demand"
Gold fell sharply last month, but now investors are taking an interest in physical gold.
Bloomberg reported that Indian gold demand is expected to rebound after the government held status quo with an import tax. As quoted in the market report:
According to Pierre Lassonde, the bull run isn't over; however, the industry will face challenging times if technology investments are not made.
India is again trying to cut gold demand by hiking duties charged on imports.
The International Business Times reported that Citibank expects gold to resume more modest annual gains of 8 to 15 percent a year, than those that had been seen in the "commodity supercycle".
Mining Weekly reported that in its latest report, the World Gold Council that worldwide demand for gold dropped by 11 percent in the third quarter of 2012.
Bloomberg reported that hedge fund manager John Paulson maintained a hefty stake in gold in his portfolio, throughout 2012, a nod to the enduring value of the investment in the face of U.S. economic uncertainty.
Reuters reported that Indian demand for gold is expected to rebound in 2013, after lagging in 2012.
Need proof that individuals seeking safety flock to gold? Look at Iran, where demand for the metal is growing as the impact of sanctions becomes more severe.