"High levels of investment demand across the world, strong demand in India and China, the continued strength of the technology sector together with central bank purchasing demonstrates gold's diverse demand drivers.
"These include: continued uncertainty over the US economy and the dollar, ongoing European sovereign debt concerns, global inflationary pressures and continued tensions in the Middle East and North Africa.At the same time, the WGC predicted that more central banks would buy gold as they seek to diversify reserves into assets that are deemed to be less risky.The precious metal scored a series of record peaks throughout the first three months of 2011 "Sustained momentum in Chinese and Indian jewellery demand will underpin growth in the jewellery sector throughout 2011
However, the metal has since tailed off slightly, amid a wider commodities sell-off, and it stood at US$1,489.10
The legends and myths surrounding gold are legendary and for many ancient civilizations, only the most powerful were permitted to bathe in gold's stunning rays. The pharaohs wore multiple gold necklaces and gold bracelets. In India, royal families would layer on gold earrings, gold pendants and gold bangles and in Europe, gold rings set with diamonds and precious gems were the aristocrats' accessories of choice.
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