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the third quarter, gold investment demand as the main factors driving demand, is not surprising World steel pipe network editing . "Said Albert Cheng, inflation, the U.S. sovereign credit rating downgrades, worsening debt crisis in Europe, plus a number of investment assets mediocre, these factors have prompted investors to increase their gold holdings to protect their wealth. The report shows that the price of gold in September, a huge adjustment to stimulate the growth of the overall investment demand is very strong, the majority of the market showing strong double-digit growth. Among them, the total investment amounted to 60.2 tons, denominated in RMB, an increase of 63%.
World Gold Council, on the 17th in the third quarter gold demand trends report, "said the third quarter of global gold demand reached 1053.9 tons, an increase of 6% over the same period last year, the total value of $ 57.7 billionWorld Steel Pipe , a new high record quarter.
"China's third and fourth tier cities is the main driver of growth in jewelery demand. "Said Albert Cheng, many jewelers are additional outlets, small and medium-sized cities and march to these needs to the growing consumer groups.
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said Albert Cheng, the Chinese demand for gold is the important factor in promoting the growth of global gold demand. Global jewelery demand in the third quarter fell 10 percent to 465.6 tons in the case of Chinese jewelery demand year on year growth of 13% to 131 tons, accounting for 28% of global gold ornaments, jewelery demand the largest single market .
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World Gold Council Far East Managing Director, said Albert Cheng, the third quarter, gold demand growth is mainly affected by the promotion of investment demand, the global gold investment demand reached 468.1 tons in the third quarter, an increase of 33%, the total value of $ 25.6 billion a record high, compared with $ 13.9 billion in the same period last year almost doubled.