Speaking of buggy whips demand & Mexico:
Issue No. 31 - May 2000
NEWS RELEASE - 22 May 2000
(not before 12.00 noon BST)
Gold demand remains strong
LONDON: 22 May, 2000 - Gold demand remained strong during the first quarter of 2000, the World Gold Council said today. Total demand of 795.2 tonnes maintained the level of the first quarter of 1999, when demand went on to set a record for the full year, according to the World Gold Council's quarterly survey Gold Demand Trends, published today.
Demand for jewellery was 701 tonnes, 7% above the first quarter of 1999 and a record for the period. Consumption was buoyant in many countries, helped by the improving global economy. The volatility in the gold price prompted consumers in some countries to defer jewellery purchases, but improving economic prospects should support healthy demand over the remainder of the year.
There were outstanding gains in jewellery consumption during the first quarter of the year in the following areas:
Turkey, up 79%
South-east Asia, up 59%
Brasil, up 45%
Mexico, up 22%
United Kingdom, up 18%
(cont)
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