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Thursday, 28th April 2005 (4902 views)

Latest figures from GFMS have shown that consumers are happier to pay high prices for gold now.<br/><br/>Figures from the 37th edition of the GFMS annual survey of the gold market showed that jewellery fabrication from new gold increased by ten per cent in 2004.<br/><br/>"Gold heading for the $500 mark no longer looks fanciful," executive chairman, Philip Klapwijk, explained to Mineweb.<br/><br/>According to the analysts, gold investment went up towards the end of the year, with gold investment vehicles a key driver.<br/><br/>Among the vehicles set up were ETFs launched by the World Gold Council (WGC) and Barclays.<br/><br/>Consumers appeared to become increasingly comfortable with prices above $400 last year, with average prices up by 13 per cent as a result.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8379699"/>

 

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