PT. Equityworld Futures - Gold
demand fell for a third year on a slump in purchases from China,
costing the country its place as the world™s biggest buyer.
Global
demand slid 4 percent to a five-year low of 3,923.7 metric tons in
2014, the World Gold Council said in a report Thursday. In China,
purchases of bars and coins for investment dropped by 50 percent and
jewelry buying retreated from a record, according to the London-based
group.
The strengthening dollar and prospects for higher U.S.
interest rates have curbed gold™s appeal as a protection of wealth,
leading to two years of falling prices. While the metal has rebounded
over the past three months, it™s still within 10 percent of a four-year
low.
Gold
rose 3.2 percent to $1,222.62 an ounce in London this year, India took
China™s spot as biggest buyer of the metal, reclaiming the position it last held in 2012, after jewelry demand jumped to the highest level since at least 1995.
Purchases
of necklaces, bracelets and earrings by Indian shoppers rose 8 percent
even amid import restrictions, while Chinese consumers bought 33 percent
less. Combined bar and coin investment was down 50 percent in both
countries.
sumber : ewfpro.com
