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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: John Hunt who wrote (40001)	9/3/1999 10:35:00 PM
From: Alex	Read Replies (1) of 116796

Healthy revival in gold demand Thailand's gold consumption is reviving, rising to 11.6 tonnes in the second quarter of this year, compared with 9.5 in the first quarter of this year and three tonnes in the second quarter of last year. Gold consumption in the first half of this year surpassed the total of 19 tonnes for all of last year, according to the World Gold Council. The revival was in line with world gold demand which rose year-on-year by 16% in the second quarter. Demand in the countries monitored by the council was 810 tonnes, a record for any three-month period. It said the strong performance resulted from a combination of a gain of 13% in worldwide jewellery demand and a 32% increase in investment over the same period of last year. bangkokpost.com

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