Consumers Continued to Increase Their Spending on Gold Jewellery
added: 2008-08-18
Gold finished below $US 800, finishing the biggest weekly slide for the metal in a quarter of a century as punters, speculators and anyone else just went off the metal big time. The surging greenback helped, but there seems to have developed a real disinterest in the metal, despite the continuing instability in Georgia and Russia's bellicose stance. Seeing gold peaked at $US1033.90 on March 27, it's now at $US792.10, down more than $US240 an ounce, or more than 23%.
