Average Gold price was only $1652 during Q3-2012 :WGC
Thursday, November 15, 2012 14:53
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from Bullion Street:
World Gold Council (WGC) said average gold price during third quarter this year was $1652 an ounce as gold demand dropped to 1,084.6 tons, down 11.0% in comparison to Q3 2011.
In it’s Q3 2012 Gold Demand Trends report, WGC said the average gold price of $1,652/oz was down 3% on the record average Q3 2011 price.
Value measure of gold demand was 14.0% lower year on year at $57.6bn while investment demand (the sum of ETFs and total bar and coin demand) was 429.9t, down 16% compared to the same quarter last year, but was 23% above the five year average.
2012-11-15 14:40:06
Source: http://sgtreport.com/2012/11/average-gold-price-was-only-1652-during-q3-2012-wgc/
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