29
October
Newcrest Says Gold Outlook Strong on Investor Demand
29 October 2009 Bloomberg.com
Newcrest Mining Ltd., Australia’s largest gold mining company, said the outlook for the precious metal was strong as the global financial crisis increased demand from investors.
“Demand for gold as a store of value has strengthened during the recent global uncertainties,” Chairman Don Mercer said today in a copy of a speech to the company’s annual general meeting in Melbourne. Jewelry demand has been “flat”, he said.
http://www.bloomberg.com/apps/news?pid=20601081&sid=a5O.fm8wTO.o
