26
August
Demand for gold soars on double-dip recession fear
26 August 2010 The Independent
World demand for gold shot up by more than a third in the second quarter as recession-spooked investors continued to look to the yellow metal as a safe haven.
As demand rose by 36 per cent to 1,050 tonnes in volume, it shot up by 77 per cent year to a record quarterly high of $40.4bn (£26.1bn) in value terms, according to the latest report published by the World Gold Council (WGC) yesterday.
