Good news for economy is good news for gold too: World Gold Council Study
The Dollar Business Bureau | @TheDollarBiz Demand for gold in China is expected to increase by 20% in three years Conventional wisdom says that good news for the global economy is bad news for gold, but there is a significant and positive correlation of gold to GDP and income growth and a negative relationship to price, finds a new study by the World Gold Council (WGC). Global gold trade has sagged in the last few years and demand for gold is likely to decline sharply for the third year in a row in 2014. Views that a strong USD and a possible economic recovery may hurt gold demand further prompted WGC to commission a third-party study on the relation ...
