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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: GUSTAVE JAEGER who wrote (28476)	2/17/1999 1:24:00 PM
From: Alex	Respond to of 116795

Hi Gustave. Thanks for the info. I will check it out................ 2/17/99 - Global gold demand fell by 11 pc in 1998: producer study <Picture> LONDON, Feb 17 (AFP) - Global demand for gold fell by 11 percent last year in the wake of the Asian financial crisis, although the market recovered in the last quarter, the World Gold Council mining body said in its quarterly survey Wednesday. Demand reached a total of 2,712 tonnes in 1997, 11 percent lower than in 1997. "The best way to characterise 1998 as a whole is as a year of recovery. The economic and currency crisis in Asia prompted substantial dishoarding in the early part of the year and blew a hole in the demand statistics," said George Milling-Stanley of the WGC. However, the coalition of producers said that demand in the United States ran on apace amid fears of a possible stock market downturn and concern over the impact of the 2000 date change on computer systems. The study said that by the fourth quarter of 1998, investment from Asia had recovered to pre-crisis levels.