Ed Quoted by CNBC

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“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.

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