Demand for Gold Rises

Demand for the precious metal in most major markets rose 13% to 663 metric tons in the second quarter, according to a World Gold Council report. Rising demand was helped by continued strong investments in Japan and a steady expansion in the United States, the council said in a report that covered markets estimated to represent about 75% of worldwide demand. Demand rose 18% in developed countries to 234 metric tons and climbed almost 11% to 429 tons in developing countries, the report says.