18
August
Middle East investors join flight to safety of gold
18 August 2009 Reuters
Uncertainty over the world economic outlook is changing Middle East gold buying behavior, with individuals seeking bars and coins as a buffer against hard times, rather than snapping up jewelry for aesthetic reasons.
Investors are following those in the rest of the world into gold, partly compensating for lower consumption from the region's traditional retail demand base.
http://www.reuters.com/article/reutersEdge/idUSTRE57G1UK20090817
