17
February
The Commodities Bull Market has a Long Way to Run
17 February 2011 Bloomberg.com
Gold investment in China jumped 70 percent last year and consumption by the jewelery sector gained to a record as investors stepped up purchases of the precious metal as a store of value, said the World Gold Council.
Investment demand jumped to 179.9 metric tons last year, surpassing Germany and the U.S., as buyers sought out gold bars and coins, according the London-based industry group. Demand from the jewelry sector was 400 tons, it said.
