SOURCE: The Bedford Report

The Bedford Report

April 04, 2011 08:16 ET

Gold Miners See Surging Demand From Emerging Markets

The Bedford Report Provides Analyst Research on Yamana Gold and Midway Gold

NEW YORK, NY--(Marketwire - April 4, 2011) - Despite a mild pullback following positive US employment data, Gold prices continue to flirt with all-time highs as geopolitical tensions have led investors back into the precious metals market in order to avoid currency fluctuations. Meanwhile, strong physical demand from India and China has helped support gold prices even when investor demand has tailed off. The Bedford Report examines the outlook for the Gold Market and provides research reports on Yamana Gold, Inc. (NYSE: AUY) and Midway Gold Corporation (NYSE: MDW). 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 jewelry and investment demand. "Demand for gold will be driven by savings and growing income levels," said Ian Tefler, chairman of WGC.

China is quickly catching up to India as the largest gold consumer in the world. 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. China and India jointly accounted for 51 percent of global gold demand for investment and jewelry.

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 silver'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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