Gold News

WGC: Gold Investment demand to grow further

The World Gold Council has suggested today (February 18th) that Gold Investment is likely to remain strong as western markets continue to flounder in the economic downturn.

The marketing organisation, which is funded by gold mining companies, suggested in its latest quarterly Gold Demand Trend report that Gold Bullion is proving particularly popular at present.

Furthermore, the body revealed that total gold demand was up by 26 percent on a year-on-year basis during the fourth quarter of 2008, aided by strong investment interest in the second half of the year.

"The extreme uncertainty that currently surrounds the global economy is unlikely to abate and should continue to underpin net investment demand, particularly demand for bars and coins," the report stated.

Increasing demand may also be linked to a decline in supplies, particularly in South Africa, the world's third-largest gold producing country behind the US and China.

Pretoria-based agency Statistics South Africa revealed last week that gold output fell by 17.6 percent on a year-on-year basis over the course of December 2008.

Want to Buy Gold but unsure how to do it? For dealing spreads of $3 per ounce – plus secure, professional storage in Zurich, Switzerland for just 0.12% per year – click through to BullionVault now...


See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn



Market Fundamentals