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    Thursday, November 19, 2009

    Gold Demand Stands At 800.3 Metric Tons In Q3: WGC

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    By Moming Zhou
    MarketWatch Pulse
       

      NEW YORK -- Gold demand for the third quarter reached 800.3 metric tons, or $24.7 billion in dollar terms, up 15% from the second quarter, the World Gold Council reported Thursday. Comparing with a year ago, demand dropped 34% due to "an exceptionally strong" third quarter in 2008 in response to the financial crisis, the WGC, an gold mining industry group, said. Demand for gold exchange-traded funds dipped quarter on quarter, but jewelry, industrial and retail investment demand rose.

       

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