Gold Demand Above $100 Billion Mark

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.