World council of the Gold - Raises 36 % the golden demand in the 2nd trimester 2010
25-08-2010 golden marketThe World Council of the Gold (WGC) a new report has just published on the tendency of the market of the gold in the 2nd trimester of 2010, in which he affirms that the entire golden demand increased in approximately 1.050 tons - 36 % - with regard to the same period of 2009. Using the dollar as a reference currency, the increase of the golden demand was 77 %, up to 40.400 million dollars.
The World Council of the Gold (WGC) tells that there are different the forces of the market that have contributed to the attraction of the gold to the investors.
The first one of them is that in two of the most strong economies of the world, India and China, the demand has grown of way significantly, especially in the jewelry shop objects.
In case of China, the Advice indicates that the demand of long-term gold “will grow greatly”, after the Popular Bank of China and another 5 organizations were promising to sponsor the development of a local market of gold, “what will increase between the Chinese consumers the desire to buy gold”.
In Europe, the information also is good because the retail investment will keep on being an important golden demand source.
Finally, the golden demand for electronic components “probably will return at historical levels after the sector was showing new recovery indications, especially on the markets of the United States and Japan”.
The segment of the business of the gold that more grew between April and June, 2010 was that of the demand for the investment, which 118 % increased, up to 534,4 tons, opposite to 245,4 tons of one year earlier.
The executive director of investment of the World Council of the Gold (WGC), Marcus Grubb, affirms that “the economic suspense and the search of less volatile and more diversified assets, like the gold, will prop the demand up for the investment in gold in the immediate future”.
In a bulletin spread by the World Council of the Gold (WGC), Grubb tells that “further away, due to the persistent worry on the levels of public debt and on the Euro, the demand of the European retail investors has increased significantly. In the last trimester, the golden jewelry shop demand on key Asian markets confronts the challenge of the increase of the local prices. We see a deceleration in the rhythm of slope of the demand, what allows us to have a solid perspective on the recovery in march in this crucial segment of the golden market.”
World council of the Gold (WGC): www.gold.org
25-08-2010
