6% up in global demand for gold under the weight of the debt crisis of the European

gold core

Levels of global demand for gold increased by 6 per cent during the third quarter of this year compared to the same period of the previous year, was paid by the debt crisis of European investors to the acquisition and accumulation of yellow metal, as a precautionary measure against the growing trends of inflationary, and times of global crises, thus pushing the prices to record levels.

The World Gold Council said that the London-based in a report today that the global demand for gold rose by 6 per cent, recording 1053.9 metric tons (including a $ 57.7 billion dollars), indicating that the purchases of investor funds trading securities and investment products as templates and gold coins, covering the decline in demand for jewelry and ornaments, and increased recycling exhibits.

The council said that gold prices have jumped to the level of the standard 1921.15  USD/Troyan ounce on the London market the sixth day of September, bound for recording the largest annual increase for the eleventh, respectively, and the instruments of trading in gold boxes yesterday in the range of 1 per cent from its highest point ever achieved last August, amid concerns over the deepening European debt crisis, slowing global economic growth levels, which raise the level of global demand for the yellow metal molds and Muskokath whether in India or China.

The price of deliveries instant of gold have been recorded yesterday with the closing of trading on the London market for goods at 1769.77 USD/Troy an ounce, trading at an average price of an ounce of gold at the level of 1706 USD/Troy an ounce in the third quarter rose by 39 per cent from their levels during the same period last year, up 13 percent from the levels during the second quarter of this year.

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