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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.33+5.2%Nov 26 4:00 PM EST

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To: long-gone who wrote (34253)5/20/1999 10:28:00 AM
From: John Hunt  Read Replies (1) of 116770
 
Recovery in Gold Demand Continues

<< May 20, 1999--Gold demand in the first quarter of 1999 was 62% above the opening three months of last year, continuing the recovery from the poor start to 1998.

First quarter demand in the countries monitored by the World Gold Council was 788 tonnes, just a fraction lower than the record for the first quarter set in 1997, and just 2% below the all-time record for any three-month period set during the fourth quarter of last year.

The strong performance in the first quarter was a result of a gain of 75% in worldwide jewelery demand, and a 20% increase in investment over the same period of last year. Good growth in gold demand in the USA, China, Japan, South Korea and South-east Asia more than compensated for lower demand in India, the Middle East and Europe... cont'd ... >>

biz.yahoo.com

Who says we can never find any good gold news?

:-))

John



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