LONDON, 19 May 2011 - Comments from world-leading gold-bullion service BullionVault are quoted today by Dow Jones Newswires, the Wall Street Journal and The Australian newspaper.
The World Gold Council said that global demand for the yellow metal rose 11% on year in the first quarter of 2011, to 981.3 tonnes," the three News International outlets all report, pointing to the strong growth of investment bar and coin demand in both India and China.
"Western gold demand is growing as their economies remain weak, but Asian demand is surging as GDP grows," says BullionVault's head of research Adrian Ash.
"Together, this keeps creating the perfect storm for short-term pricing."
Wall Street Journal subscribers can read the full report here, or see Adrian's comments at The Australian here...
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