Demand for gold surges 36% in the second quarter
Economic uncertainties around the world are expected to provide continued support for gold, said the council, an industry group backed by leading gold mining companies.
These concerns led investors to gobble up gold in the second quarter, the World Gold Council said. Demand for gold-backed exchange-traded funds rose 414% compared to the second quarter of 2009. Retail investment demand rose 29% in the same period.
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