Gold sales hit record as India piles up the jewellery
GOLD sales soared to a record $53.6 billion (£30.7 billion) last year as a weak dollar, concern about terrorism and rapid expansion in India diverted investment away from shares and bonds.
The rise was revealed two weeks after Alan Greenspan blamed terrorism for pushing the price of gold beyond its underlying strength as a commodity, in his first private sector speech since stepping down as chairman of the US Federal Reserve.
( Full story here )
The rise was revealed two weeks after Alan Greenspan blamed terrorism for pushing the price of gold beyond its underlying strength as a commodity, in his first private sector speech since stepping down as chairman of the US Federal Reserve.
( Full story here )
posted by Oil Shock at 2/23/2006 09:59:00 PM
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