Strong demand for gold, copper and silver in China and India continued to help prices

Oct. 26, 2011 - PRLog -- Strong demand for gold, copper and silver in China and India continued to help prices

Metal  prices rose today on hopes that European officials will contain that region’s financial crisis.
Gold for December delivery rose $23.10, or 1 percent, to settle at $1,723.50 an ounce

Copper gained 6.95 cents, or 2 percent, to settle at $3.49 a pound. The copper prices are up nearly 9 percent for the week.
Silver was up 25.8 cents, or less than 1 percent, to close at $33.31.

The recent rally in gold and silver is based largely on the belief that European minsters will has an agreement on financial rescue plan.

Gold futures were up for a fourth day on Wednesday, rallying to a one-month high as safe haven demand returned amid concerns that a critical European Union summit later in the day would disappoint expectations.

Gold is considered a  safe haven during times of financial turmoil.
Albanian Minerals President and CEO Sahit Muja said "Strong  demand for gold, copper and silver in Asia continued to help prices".  

The buyers in India bought the gold and silver as Diwali, one of the major Indian gold and silver buying festivals, started Wednesday.

Albanian Minerals President and CEO Sahit Muja said " The consumer in China increased purchases of the gold, silver and copper as demand  picks up during the

National Day holidays at the start of October and lasts through the Lunar New Year in January".
India is the world's largest gold consumer, followed by China.

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Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe