World Gold Council: Gold demand expected to rise in 2011 despite Q2 dip
- Gold demand fell 17% in Q2 to 919.8 t as appetite for exchange-traded funds declined
- Gold jewellery buying edges up 6% in Q2 to 442.5 t
- Gold supply dips 4% in Q2 to 1,058.7 t
- Indian gold jewellery buying up 17% in Q2 to 139.8 t, Chinese purchasing up 16% to 102.9 t
- Central banks buy gold for second successive quarter in Q2, adding 69.4 t to holdings
- Demand for gold-backed exchange-traded funds fell 82% in Q2 to 51.7 t
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