Record dollar demand for gold as world looks for haven from turmoil
Dollar demand for gold reached an all time quarterly record of $32 billion in the third quarter of 2008 as investors around the world sought refuge from the global financial meltdown, and jewellery buyers returned to the market in droves on a lower gold price. This figure was 45% higher than the previous record in Q2 2008.Tonnage demand was also 18% higher than a year earlier. (more…)
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