Thu, 14 Nov 2013 09:24:08 GMT
Gold demand shifts from west to east
Gold demand in India, the Middle East and China increased on an annual basis in September with the Chinese demand rising 30% compared to a decline in demand on the European continent signaling a shift in global gold market from west to east. Bullion for delivery in November traded at $1,284.29 an ounce as of 11:30 Singapore time and it