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Five percent quarterly gain at end of Q3 in line with five year average
The gold market continued to be supported by concerns over the health of the global economy and its ability to show a sustained recovery, especially in developed nations, according to the latest edition of Gold Investment Digest published today by the World Gold Council (WGC). These concerns, particularly when coupled with risks surrounding potential extensions to quantitative easing and supportive central bank activity, have sustained investment inflows leading to a robust quarterly gold price performance. Juan Carlos Artigas, Investment Research Manager, the World Gold Council commented: "The third quarter of 2010 was again marked by mixed economic news from markets around the world. While emerging...
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