Banks, Asia drive gold demand

GOLD demand was strong during the final quarter of 2014 on the back of the Asian jewellery market and significant buying by central banks, according to the World Gold Council.

Demand for the yellow metal during the fourth quarter of 2014 was up 6% on the fourth quarter of 2013 at 987 tonnes, though annual demand fell 4% to 3924t from 4088t in 2013.

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