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Gold Investors Bought Record Levels of Bullion During First Half

  • Investment demand smash 2009 record by 16 percent, WGC says
  • Higher prices hurt demand for jewelry in China, India

Investors bought record amounts of gold in the first half as concerns over Britain’s vote on European Union membership and U.S. presidential elections drove demand for a haven.

Slumping yields also reduced appetite for alternatives like stocks and bonds.