Gold purchases by the Central Bank Achieve Highest Point In 20 Last Year

http://marketcall.net -- May 19, 2011


World Gold Council or the association of gold mining companies world issued 
statements of world gold demand trends during the first quarter, an increase of 
11% year-on-year to 981.3 tonnes, equivalent to $ 43.7 billion.
 
They also added that the demand is rapidly during 2011, investment demand in 
the first quarter came mostly from China, especially the demand for gold 
bullion, gold coins while the demand is greater coming from Europe.
 
Investments in the portfolio of stocks of gold miners, known as ETFs or even 
weakened by dramatic price declines seen in the first quarter, where there is a 
decrease of 5% gold.
 
But overall, especially in jewelry, demand rose 7%, other than that indicated 
the central bank became the main buyer. In China alone, import of gold has 
increased by 200 tonnes until the end of March 2011, when compared to Chinese 
imports during 2010 reached only 260 tons, the demand for gold in China in Q1 
are very strong, particularly in jewelry like gold bars and coins this happens 
despite the monetary tightening by the central bank of China in order to keep 
inflationary pressures.




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