Posted on February 18, 2010
In 2009, dollar demand for gold remained above the $US100 billion mark for the second year in succession against the backdrop of continued turbulence in financial and commodity markets.
According to World Gold Council's Gold Demand Trends published Thursday, this resilience in demand was achieved in the context of average gold prices 12 percent higher than those in 2008, at $972.35/oz.
The full 2009 Q4 Gold Demand Trends report, including country breakdowns, can be viewed here.
News and articles about:
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/quotes_special.gif)
Comments
by Murray Rose - 2010-03-17 06:15
There is no question that the esculation of gold has helped sustain many jewelers thru these tough times. The consumer is selling there jewelry because of the metals high prices and publicity it is receiving.by ernest critelli - 2010-03-23 17:43
in response to mr. rose's comment,although this is true,how will our customers perceive what our profit margins are when times were good? and will they buy again at retail prices?