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Thursday, 25th November 2004 (4256 views)

Latest figures from the WGC have shown that demand for gold is growing, yet production of the precious metal is falling.<BR/><BR/>According to the figures on latest supply and demand trends, the demand for gold rose in most countries around the world, with a 5.7 per cent overall tonnage increase in total demand.<BR/><BR/>Demand figures cover retail investment, jewellery, and industrial and dental offtake.<BR/><BR/>The results are a positive sign for the precious metal, with demand still high despite the rising price of gold.<BR/><BR/>Chinese demand has been particularly driven by the K-gold promotion - a marketing initiative for 18 carat gold in China.<BR/><BR/>Jewellery consumption has also been higher during the third quarter.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7159461"/>

 

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