Gold's long-term investment value retained

Gold's long-term fundamental drivers or strategic value remained solid, though market pressure would be mounted for some time, said World Gold Council (WGC) Friday in a report.In its quarterly "Gold Investor" report, the London-based industry organization said that following more than a year of range-bound prices, gold has come under significant pressure over the past months. An exceptional sell-off in the middle of April has accentuated concerns that gold's bull run has come to an end."In the short term, a stronger U.S. dollar, fragile sentiment and worries over European central bank gold sales will create a challenging environment for gold prices. In addition, the concentrated and violent sell-off in the second week of April will shake confidence in gold prices for some time,The Mobile crusher can used in the road and bridge construction, urban construction, metallurgy, energy and so on." said the WGC in the report. 

But the above situation does not damage the long-term fundamental drivers or gold's long-term strategic value, stressed the report."We believe that despite the current turbulence, the fundamentals of gold market remain well in place. Physical demand for gold remains strong in India and China," said Marcus Grubb,carbon sheets Managing Director and Strategist of investment division in WGC.Crusher 
The two latest emerging markets' gold demands account for over half of the annual global purchases for the precious metal. 
"Further, irrespective of potential gold sales in Cyprus,tyres and wheels service & repair equipment central banks, particularly in emerging markets, have been net buyers of gold for several years and the conditions and objectives driving these purchases remain in place," Grubb added. 

WGC also mentioned that the continuing economic malaise in the OECD, high level of accumulated indebted ness, the ramp up of quantitative easing (QE) in Japan, and the continued affects of the European sovereign debt crisis all served to remind investors that this economic and credit cycle was "different."The council said the solutions to the above problems would be protracted and the background level of investment risk was higher than in the past."In our view, despite the recent and widely followed pullback in its price, gold has never been more relevant as an investment asset and currency," said Grubb.Prices of the precious metal, which rose to an all-time high of 1921.Gyratory crusher are employed within the mining industry to interrupt and crush rock material.15 dollars an ounce in London trading on September 6, 2011, have slumped more than 10 percent this year.