Gold Rises in London on Increased Jewelry Demand; Silver Gains
Source: Bloomberg.com (5/18/07)
Gold gained in London for the first time in three days on higher demand from jewelers, the biggest buyers of the precious metal. Silver also rebounded.
Jewelers accounted for 69 percent of gold consumption in the first quarter, from 61 percent a year earlier, the producer- funded World Gold Council said May 16.