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Annual Review2006 proved to be a challenging year for gold – but one that ended on a positive note. While the gold price continued to rise, keeping gold high on the agenda of investors, analysts and the media, it was price volatility that played a major part in dictating demand trends. Despite a challenging first two thirds of the year, when price volatility dampened consumer demand for jewellery, a strong end of year resulted in consumers and investors pushing demand for gold up to a record level of $65 billion. All categories grew in dollar terms over the year, with jewellery up 14%, investment up 45% and industrial demand also up 45%, a new annual record. The World Gold Council played a key role in ensuring gold increased market share with consumers and investors. 2006 has been a year focused on delivery to our key markets and on expanding the market size of those with an interest in this unique precious metal. Archived Reports and Reviews |