Indian gold buyers sidelined for most of the past year due to surging costs are now snapping up bullion as a drop in prices unleashes pent up demand . . . . Swansy Afonso and Shruti Srivastava, Bloomberg News
According to the China Gold Association, gold consumption rose by more than 80 percent year-on-year during this year's Spring Festival holiday . . . . Gao Ang
In the face of historically low interest rates and chronically depressed bond yields, institutional investors are turning to gold as a portfolio diversifier. . . . Kelsey Rolfe