Saturday, February 23, 2013

Emerging Market Drives Gold Demand

According to the World Gold Council (WGC), there is an increasing relevance of emerging markets in the gold market, particularly over the past 12 years.  In 2011, you can see that emerging markets accounted for 74 percent of total bar and coin, jewelry and ETFs gold demand. India and China alone make up 50 percent of all global gold demand.

India, China, Turkey, Vietnam, and Southeast Asia’ residents clearly have a cultural affinity to gold, says the WGC.

Christina J. Kruger
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