Wednesday, July 11, 2007

Gold in Asia Advances on Increased Jewelry Demand; Silver Little Changed

(Bloomberg) -- Gold rose in Asia for the fourth day
in five as demand increased from jewelers, the biggest users of
the precious metal. Silver was little changed.

Good demand for the metal from India and Turkey emerged
earlier this week, Goldman Sachs JBWere analysts, led by Malcolm
Southwood, said in a report on July 10. Jewelers accounted for 69
percent of first-quarter gold consumption, from 61 percent a year
earlier, the producer-funded World Gold Council said May 16.


Read more at Bloomberg Commodities News

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