Wednesday, January 26, 2011

World Gold Council Report Shows Gold Price in 2010 Driven by Recovery in Key Markets

The gold price rose for the tenth consecutive year in 2010 reaching US$1,405.50/oz by the end of December on the London PM fix, a 29 percent increase from last year’s levels.

According to the World Gold Council (WGC), which today released its Gold Investment Digest for the fourth quarter and full-year 2010, last year’s price performance was driven by developments in key gold markets.

China saw increased investment activity, driven in part by innovative new gold investment vehicles offering improved access to the gold market, while jewellery consumption recorded a rebound in India, the world’s largest gold market. Globally, investors remained concerned about . . .

Full story at: World Gold Council Press Release

Read a copy of the latest report at: World Gold Council Publications

Watch a video summary of the highlights of the 2010 report.

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