Gold Demand Climbs to Two-Year High as Buyers Snap Up Bargains
- Demand for bars, coins, jewelry soar as prices hit 5-year low
- Outlook for Q4 Indian jewelry demand `more muted,' WGC says
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Buying of gold including bars, coins and jewelry rose to the highest in two years after lower prices spurred demand last quarter.
Purchases jumped 8 percent to 1,121 metric tons in the three months from a year earlier, the World Gold Council said in a report Thursday. Bar and coin buying rose by a third. The lobby also attributed gains to conflict between Russia and Ukraine, and the crisis in Greece.