Golden recovery
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olden recovery
The World Gold Council said there had been a strong recovery in demand for gold in the second half of last year, bringing 1994 demand, at 2,443 tonnes, to the same level as the year before. Record jewellery buying in developed countries and second half recoveries in Chinese and Indian purchases of gold explained the strength of demand. The gold price traded between $370 and $395 during the year.
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