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Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
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Seems gold just can't be stopped!!
"The popularity of gold seems to keep building according to the World Gold Council latest release of global gold demand. From the release:
2012 sees gold demand hit record value level. Q4 2012 up 4% year-on-year as India, China and central banks drive demand
In value terms, gold demand in 2012 was US$236.4bn – an all-time high. Gold demand in value terms for the final quarter of the year was 6% higher year-on-year at US$66.2bn, marking the highest ever Q4 total.
And by weight:
Global gold demand in Q4 2012 was 1,195.9 tonnes(t), up 4% on the same quarter in 2011. In Q4 2012, the average gold price reached a record level of US$1,721.8/oz, up 1% on the previous record average price in Q3 2011. The average price during 2012 was US$1,669.0/oz, up 6% from US$1,571.5/oz in 2011,"
Rest here:
[link to www.goldmadesimplenews.com]
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