27
May
Gold inches up, euro-zone debt concerns persist
27 May 2010 Ninemsn
Gold gained half a percent on Thursday on surprise demand figures from India, worries about Europe's debt woes and as holdings in the world's largest bullion-backed exchange-traded fund rose to another record.
A jump in India's gold demand in the first quarter suggested the world's largest consumer started to get used to the high prices. Jewellery demand rose to 147.5 tonnes from 37.7 tonnes in the first quarter of 2009, when a rise in prices curbed buying globally.
