Friday, 12th August 2005 (2382 views)

Merrill Lynch analysts have pronounced the start of the annual gold rally and a rise in the gold equity markets.

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.

The demand for gold is high at this time because of its current popularity in China in addition to tourist requirements in Turkey.

However, the strongest demand for gold is expected to occur in the final months of the year.

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.


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