" Global gold demand in the three months to September was 1,084.6 tonnes, down from a record 1,223.5 tonnes in the third quarter of 2011. However, demand remained above the five-year quarterly average of 984.7 tonnes.
Gold buying hit a record in the 2011 period as investors sought a safe haven from an escalating eurozone crisis and steep rises in inflation. The metal is regarded by many investors as a hedge against rising prices and a safe haven during times of crisis.
In value terms, gold demand was 14pc lower on a year-on-year basis at $57.6bn (£36.4bn), with the average price of the metal down 3pc to $1,652 an ounce. "
Gold demand falls 11pc - Telegraph
Not so shiny eh?
Gold buying hit a record in the 2011 period as investors sought a safe haven from an escalating eurozone crisis and steep rises in inflation. The metal is regarded by many investors as a hedge against rising prices and a safe haven during times of crisis.
In value terms, gold demand was 14pc lower on a year-on-year basis at $57.6bn (£36.4bn), with the average price of the metal down 3pc to $1,652 an ounce. "
Gold demand falls 11pc - Telegraph
Not so shiny eh?
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