Global Gold Demand Surges, Except in the U.S.
Source: Seeking Alpha (8/21/07)
Gold demand soared in some parts of the world, in others it did not: Saudi Arabia: +30 percent; UAE: +15 percent; Egypt: +9 percent; Turkey: +15 percent China: +32 percent; Russia: +27 percent; U.S.: -4 percent.
During the second quarter, gold demand soared in some parts of the world - in other parts of the world it did not.
Saudi Arabia: +30 percent UAE: +15 percent Egypt: +9 percent Turkey: +15 percent China: +32 percent Russia: +27 percent U.S.: -4 percent
These figures are all based on year-ago levels when the price of gold was rising dramatically. Overall demand in 2006 didn't really fall off until after the price surge in the spring, so the year-over-year comparisons for the third quarter may be even more impressive.