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U.S. purchasing more gold jewelry, but the rest of the world doe

by Administrator

The increased demand in the United States was of lower prices and increased consumer confidence and the fashion industry are increasingly fueled with gold, says Alistair Hewitt, group manager of market information. He adds that there are already five consecutive quarters of growth in the American gold jewelery demand, with four of them sees double-digit growth.

However, the global demand for gold jewelery declined by 30 percent and 16 percent compared to tons. The American and British markets were exceptions, the latter will see a 21 percent increase in demand. The group says, but should be considered in relation to the last year's record demand.

"2013 was an incredible moment for the gold industry," Hewitt said. "We saw the gold price falls, and we saw the people in the physical space respond to the lower price environment with an incredible level of enthusiasm .: There was a frenzy of buying some places that were particularly acute in the Asian markets."

So Hewitt believes that the fundamentals for gold prices and gold jewelry looks positive as a stable demand from investors and banks, limited supply and increasing demand in markets such as India.

The average gold price in the second quarter was $ 1288 one ounce, up 9 percent from last year.






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