Front Core Capital Focus Attention to Gold Market in Asia
The demand for gold is on the rise in Asia particularly in China where consumption is estimated to reach 400 tonnes this year
- (1888PressRelease) November 17, 2011 - The Gold Market in Asia caught Front Core Capital's attention on its rapid price and demand changes. Values and demands of gold are constantly changing and over the last three years it has risen to 133% but later in 2008 the inflation of gold was not that visible. Inflation only hit 2 percent six times between November 2008 and January 2011 but has jumped from 1.63 percent annually to 3.87 percent since January.
The demand for gold is on the rise in Asia particularly in China where consumption is estimated to reach 400 tonnes this year. The output already hit 259 tonnes after the past nine months and may exceed 350 tonnes soon. There is a potential increase of 400 tonnes of output and growth in the next few years but the estimated consumption this year will hit upwards of 400 tonnes of gold.
Front Core Capital sees the Europeans boosting gold though there was a slight dip down on its price last Tuesday and they believe this is a result of the European debt crisis. Markets then turned their focus to Italy but traders were afraid they could be the next victim of EU debt crisis so they are keeping an eye on Europe's development regarding debt crisis. Not by far, the rolling of sovereign-debt crisis in Europe, the gold price has been boosted by its solution and renewed crisis but the future of this precious metal still lies firmly in Asia.
South Africa is said to be the largest gold reserve holder and second to it is China which has a proven gold reserve of 6327.4 tonnes. However, they are still importing gold from Hong Kong where their imports up surged to 30% in September.
Demands for gold rely on the needs of the traders and consumers which help gold reach high levels of value, and boosting demands for gold encourages investors to consider it as a safe haven investment by majority.
Though Europe is now surging in the gold industry, Asia is still considered the future.
- About Front Core Capital -
Front Core Capital is a Venture Capital and Financial service company. Front Core Capital caters to the expectations of knowledgeable and discerning investors who seek the highest return on their investments. Front Core Capital is a wholly independent company and, as such, is not restricted in any of the funds or investment products we may wish to utilize for our clients' wealth management and financial planning purposes.
- Press Contact at Front Core Capital -
Zach Amiran, press-contact ( @ ) frontcorecapital . com
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