Thomson Reuters GFMS Gold Survey 2011 Update 2 Launch: Key Takeaways
SondraHunterGold prices increased +28% to an annual average of $1572 in 2011 with investment demand being the key driver of gains. In the meantime, the robust jewelry sector, the surge in official sector buying and the retrained scrap supply also contributed to the price strength. Jewelry demand slid only -2% in 2011 despite the price spike. Demand was strong in India and China amid bullish gold price expectation and robust GDP growth in the 2 countries.
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Thomson Reuters GFMS Gold Survey 2011 Update 2 Launch: Key Takeaways
