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'GOLD DEMAND TRENDS' NEW PUBLICATION FROM THE WORLD GOLD COUNCIL

 NEW YORK, Nov. 19 ~PRNewswire~ -- A new quarterly publication, Gold Demand Trends, produced by the World Gold Council, provides the latest information on the state of demand of physical gold in a variety of key markets.
 Covering an estimated 60 percent of total worldwide demand, findings are compiled by the Council's Geneva office from its extensive data-base of market intelligence. Sources are published statistics such as government import or hallmarking figures, consumer market research surveys (over 75,000 interviews conducted worldwide during the year), sales data from representative panels of retailers, and reports from retail and manufacturing trade contacts in key markets.
 Given the extensive reach of its market research, and office network, the Council is well placed to provide quarterly demand estimates; each category of demand is classified by source of data and an indication of reliability.
 Main trends in demand for gold reported in the first issue are:
 -- In Asia (Hong Kong, Taiwan, Thailand, Malaysia, Singapore and S. Korea), jewelry demand in up 23 percent to 322mt for the first three quarters of this year, compared with the same period a year ago, more than offsetting declining investment demand in the region.
 -- In China, trade purchases of gold jewelry are estimated at 165mt. for the first three quarters, up 50 percent versus the same period a year ago.
 -- Flows of gold into the main trans-shipment centers, which are key indicators of demand levels in ultimate consumer countries, show substantial increases for the first three quarters of this year, e.g. Hong Kong + 23 percent, Singapore + 43 percent, Dubai + 62 percent, Taiwan + 82 percent, and Turkey + 26 percent.
 -- In the developed markets, gold jewelry purchases by the trade so far this year are slightly down (-3 percent), with the key fourth quarter sales period still to come.
 -- Retail trade purchases of gold jewelry in Japan are 17 percent down against the first three quarters of last year, although sales to consumers (as measured by retail audits), are level with 1991. This suggests that retailers are reducing stocks while consumers continue to buy.
 -- Investment demand in Japan increased by 42 percent to 19mt in the third quarter compared to 1991.
 -- Interest in gold bullion coins -- once a major factor in the market -- revived to 18.6mt. in the third quarter this year, against the background of what has been a long-term decline in this market. In the third quarter 1991, coin sales were only 3.4mt.
 -- Use of gold in dentistry in European countries continued its growth trend (up by 10 percent so far this year).
 -- On the basis of major demand indicators for the first three quarters of the year, the council forecasts a 9 percent overall increase in jewelry demand for the full calendar year 1992 compared to 1991, to a total of around 2,300mt. In 1991 jewelry represented 75 percent of total gold demand, and is likely to exceed this share in 1992.
 Central Bank holdings of gold, according to the latest statistics released by the I.M.F., have remained almost unchanged during the three months to August. Since the end of 1991 the main changes have been caused by the one-off sale of 202 tons by Belgium, announced in June, and Canada's continued systematic selling.
 For a full copy of Gold Demand Trends, call the contact below.
 -0- 11~19~92
 ~CONTACT: Victor Webb or Madlene Olson of Marston Webb International, 212-684-6601, or fax, 212-725-4709, for the World Gold Council~


CO: World Gold Council ST: New York IN: PUB SU: PDT

LR-OS -- NY072 -- 2938 11~19~92 13:17 EST
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Date:Nov 19, 1992
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