Gold demand is on track for a 4,000 t market by year-end, according to the World Gold Council's MD Marcus Grubb. Speaking from London, Grubb says gold's major Q2 price fall had sparked massive consumer demand. Q2 gold uptake for jewellery rose 37% from the same period last year and demand for bars and coins soared to an all-time quarterly record of 507 t.
I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...
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