empty
 
 
Demand for gold plunges around the world
loader

According to the World Gold Council the world gold demand shrank by 5% in quarter one of the current year versus January to March of 2011 data.


The decline of jewelry sales by 6% and the decline of gold purchases by central banks by 41% can be named as the main reasons for that.


The demand decline is actually stemming from the gold prices upturn.


The average price for the first three months of the year advances by 22% as compared to the first quarter of 2011.


Moreover, one of the factors which caused a decline is the decrease of gold importing tax in India that is the largest consumer of this metal. In the 1st quarter the demand for gold fell by 19% year on year and amounted to 207 ton.


In the 4th quarter of 2011 the index was equal to 176 metric tons. The worries pertaining to the Eurozone debt crisis were supporting the investors� refrain from the metal, who preferred the American dollar instead.


This year we can see the increase of the correlation between gold and the U.S. dollar which presupposes that with the further dollar appreciation gold will continue the downfall. 



Calendario y reseñas
Elección del editor
Being the capital and the largest city of the Republic of Moldova Chisinau became the center of attraction for Moldavians. Just like Rome, the city has been growing on seven hills along the river Bîc during six hundred years. As Bîc sounds pretty close to bull in Moldavian we could suppose that the locals prefer trading in an uptrend. Nowadays, locals of Chisinau want to take full advantage of the international currency market, so they are keen to take part in annual finance conferences arranged by InstaForex.
Artur Uryupin, analyst at InstaForex: "A tendency for traders to sit in front of the monitor is disease of all newcomers". (ShowFx World Conference in Yekaterinburg)
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $4000 más!
    ¡En Julio, sorteamos $4000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback