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Gold Bar and Coin Purchases Plunge to Four-Year Low in Q1

May 23, 2014 in Coins, Gold, Gold Coins, Investing, Money, News, Precious Metals

 By: Dan Weil May 22nd  2014. (www.moneynews.com)

Gold’s 6.5 percent rise in the first quarter apparently didn’t entice investors to purchase gold bars and coins.

Demand for those forms of the precious metal plummeted 39 percent in the quarter from a year earlier, to 283 metric tons, according to a report from the World Gold Council, CNBC.com reports.

“Caution permeated the market for small bars and coins during the first quarter, particularly in the more price-sensitive markets, as investors awaited a clear signal as to the future direction of the gold price following the huge levels of investment in 2013,” the report said.

Full article at the source>

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