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Revealed yesterday (August 25th), the document states the desirability of gold will be bolstered by continuing uncertainty over government debt and economic recovery, as well as increasing demand in China and India.
Marcus Grubb, managing director of investment at the WGC, said: "Economic uncertainties and the ongoing search for less volatile and more diversified assets such as gold will underpin investment demand for gold in the immediate future."
He added lingering concerns over public debt and the euro have made it a popular option with European traders.
Investment demand rose by 118 per cent to 534.4 tonnes in the second quarter of 2010, compared with 245.4 tonnes in the same period last year.
The report comes amid growing concerns in the UK over the possibility of a double-dip recession.
Posted by Chris Weaver
