19
August
U.S. Q2 gold demand up 10 pct despite weak jewelry
19 August 2009 Reuters
U.S. gold demand in the second quarter rose 10 percent year-over-year as nearly doubled investment demand offset weaker jewelry buying, according to an industry report by the World Gold Council released on Wednesday.
"What you would expect from an economic crisis is depressed jewelry demand all over the world, and the U.S. is certainly not immune," George Milling-Stanley, WGC's managing director of government affairs, told Reuters prior to the release of its quarterly "Gold Demand Trends" report.
http://www.reuters.com/article/usDollarRpt/idUSN1943123020090819
