Gold Jewellery Demand Drops on Price Volatility in Q4 2007

Source:

The Digest said any long-term decline in gold jewellery demand was unlikely as sentiment toward gold remained very positive in key markets.

Demand for gold jewellery dropped 17% in tonnage terms in fourth quarter 2007 compared to fourth quarter 2006 as both the price of gold and volatility in the gold price increased.

The World Gold Council's Gold Investment Digest said recently it was likely that jewellery demand also remained low in the first quarter of 2008 as both the gold price and price volatility remained high. Figures for this quarter will be released in May...

Gold jewellery consumers in China were less affected as demand still increased 18% in the fourth quarter compared to a 26% increase in the first three quarters. The Digest said any long-term decline in gold jewellery demand was unlikely as sentiment toward gold remained very positive in key markets.

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe