Brazil's Gold Jewelry Demand May Rise 20% in 2010 After Decline, GFMS Says

Brazil’s gold jewelry demand may rise more than 20 percent this year, London-based research company GFMS Ltd. said in a report.

Economic growth of 9 percent in the first quarter and a strong real against the dollar help to explain the jump, GFMS Executive Chairman Philip Klapwijk wrote in the report. Brazil’s consumption fell 10 percent last year to 27 metric tons, he wrote.

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