Global gold demand is expected to be higher in the second quarter of 2010 than a year ago, powered by robust investment demand in the West and strong jewellery demand in Asia, a senior World Gold Council official said.
Global gold demand fell 25 percent to 760 tonnes in the first quarter of 2010, driven by a 99 percent drop in buying of gold for physically-backed exchange-traded funds (ETFs), but was expected to rebound in the rest of the year, the industry-funded WGC said earlier this week.
