Ed Quoted by CNBC
“Gold Bulls May Face Austere Indian Festive Season”
By Sri Jegarajah of CNBC Asia Pacific
Quote:
” Gold demand has remained relatively strong world-wide even though demand has sagged in the United States and Europe.”
“This is primarily because Indians and Chinese have a strong cultural bias toward gold as a storehouse of wealth. With a large emerging middle class wanting to diversify their wealth, gold is in high demand especially at these lower prices.”
Read the full piece at CNBC.
Tags: Gold
Categorised in: News