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To: long-gone who wrote (45107)11/17/1999 10:01:00 AM
From: John Hunt  Respond to of 116753
 
World gold demand jumps in 3rd quarter 1999 - WGC

<< Gold demand jumped by more than one fifth year-on-year in the third quarter of 1999, boosted by higher jewellery and investment offtake, the World Gold Council (WGC) said on Wednesday.

Demand in the 27 countries monitored by the Council, accounting for about four-fifths of world gold demand, totalled 877 tonnes, an all time high for any quarter.

In India, the world's largest gold consumer, demand rose 38 percent to 241 tonnes. United States demand was steady at 118 tonnes while the Middle East accounted for a 116 tonnes, up 18 percent year on year.

The biggest gains came in Pakistan, up more than 100 percent to 32 tonnes, and Southeast Asia and South Korea, up 70 percent to 95 tonnes, the Council said. >>

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biz.yahoo.com