Gold demand drops from high 2011 figures


The World Gold Council today (May 17) released its latest Gold Demand Trends report, which showed demand in the first quarter of 2012 was down 5% from the same period last year.

The report said global gold demand in Q1 2012 was 1,097.6 tonnes, lower than the 1,150.7 tonnes reported in Q1 2011. The average price of gold for the quarter, however, was $1,690.57, 22% higher than the average for Q1 2011.

Demand for the quarter was underpinned by a number of factors, including the continued central

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