Wednesday, January 12, 2011

Gold Bullion Demand Surges in Middle East and Asia

"Demand for gold and silver bullion internationally is surging (see news below). This is particularly the case in Asia where there are increasing inflation concerns. Reuters reports overnight of shortages of gold bars and premiums have risen to two year highs in Singapore and Hong Kong. The Perth Mint is struggling to keep up with unrelenting physical demand for gold coins, medallions and especially one kilo gold bars used in India and China. The demand has been extremely strong below $1,400/oz and the Perth Mint said that premiums had doubled..."

at http://www.marketoracle.co.uk/Article25532.html

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