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Gold Investors’ Bargain Hunting Fuels a Surge

Investors in gold bullion, coins and jewellery are once again fuelling a surge in demand following a price drop yesterday

Report filed under: Gold Investment » Gold Investment News

Wed, October 01, 2008 - 6:09 pm EET

Gold Investors’ Bargain Hunting Fuels a SurgeBullion climbs as investors hunt for bargains following Tuesday’s 3.5 percent price drop and demand for bullion-backed securities, gold jewellery, coins and bars continues at unprecedented levels.

Gold quoted at $877.75/879.75 at 15.28 GMT against $869.95 in late New York trade on Tuesday.


The London Bullion Market Association (LBMA), the South African Rand Refinery which produces the Krugerrand and mint’s worldwide all report that they are working overtime in order to cope with the rise in demand.

It seems that gold investors’ bargain hunting is again fuelling a surge in demand…

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