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Friday, 12th August 2005 (3848 views)

Merrill Lynch analysts have pronounced the start of the annual gold rally and a rise in the gold equity markets.<br/> <br/>Gold prices have risen 3.9 per cent since July 19th as a season of increased demand begins which will culminate at the beginning of next year.<br/> <br/>The demand for gold is high at this time because of its current popularity in China in addition to tourist requirements in Turkey. <br/> <br/>However, the strongest demand for gold is expected to occur in the final months of the year. <br/> <br/>On average around 70 per cent of gold is supplied to the jewellery industry and therefore any gold jewellery buying trends have a huge effect on the market as a whole.<br/><br/><br/><img alt="track" src='http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=15022166'/>© Adfero Ltd

 

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