The demand for all products have gone down in the last two years across the globe, except for one metal. Yes, the yellow metal, Gold, has seen the demand surge even during the worst global recession in the last two years.
With countries latching up Gold like never before, the demand has surged far beyond the current supply levels.
The gold thus hit a new high of 1163 dollars to an Ounce in the London bullion exchange yesterday.
Wait for Gold prices to hit 1400 dollars in a year’s time, say some experienced Gold dealers. Any takers ?