‘Tidal Wave’ of Gold Demand Coming From China, India, WGC Says

Gold may extend its decade-long rally as demand surges from emerging markets including China and India, according to the producer-funded World Gold Council.

“There’s a tidal wave of gold demand coming,” Jason Toussaint, the WGC’s managing director of U.S. and Investment, said today at the Bloomberg Link Money Managers Conference in Boston. “A key is the long-term fundamental change in emerging markets. The biggest markets of growth are China and India.”