Wednesday 13, August 2008 by

Volatility begins to hit gold markets

At $21.2 billion, global dollar demand for gold reached new heights in the second quarter of 2008, rising 9 per cent on year earlier levels. Global investment demand for gold showed the strongest surge, reaching $3.5 billion in the second quarter of 2008, 29 per cent higher than in the second quarter of 2007, with particular strength in the US, China, Egypt and Vietnam. 

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