SOURCE: The Bedford Report

The Bedford Report

April 25, 2011 08:16 ET

Emerging Markets Keep Gold Near Record Highs

The Bedford Report Provides Analyst Research on Yamana Gold & SPDR Gold Shares

NEW YORK, NY--(Marketwire - Apr 25, 2011) - Gold prices have continue to surge this year as Middle Eastern unrest has spurred demand for the yellow metal. In unpredictable moments, investors traditionally take haven in precious metal markets to avoid currency fluctuations. This earnings season, gold miners have posted tremendous profits as a result of the uptick in gold prices. The Bedford Report examines the outlook for the Gold Market and provides research reports on Yamana Gold, Inc. (NYSE: AUY) & SPDR Gold Shares (NYSE: GLD). Access to the full company reports can be found at:

A recent report from the World Gold Council (WGC) titled 'India: Heart of Gold' argues that Gold demand in India will continue to be robust in the next decade. The report estimates that cumulative annual demand will be in excess of 1,200 tonnes by 2020, registering a growth of 33 percent. Presently India accounts for 32 percent of the global jewellery and investment demand. "Demand for gold will be driven by savings and growing income levels," said Ian Tefler, chairman of WGC.

China and India jointly accounted for 51 percent of global gold demand for investment and jewelry. According to the World Gold Council, Chinese demand for gold as an investment surged 70 percent in 2010 from a year earlier, outpacing all other markets in terms of the rate of change in demand for gold bars and coins as a store of value.

The Bedford Report releases regular market updates on the Gold Market so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

The bulls who believe that gold prices will continue to surge may be inclined to look into gold miners. Investors in gold miners are banking on rising earnings, as gold prices rise, to provide value. Some miners sound confident that gold's run will continue and have started new mining ventures. However the sale of several gold sites may suggest that the industry peaked last year.

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