  Gold $1,759.10/oz Silver $33.04/oz Platinum: $1,602.20/oz
 | | | EU Gold Investment Demand Surges 135% - World Demand Up 6% in Q3 2011 Gold is trading at USD 1,759.10, EUR 1,305.60, GBP 1,116.30, CHF 1,618.20, and JPY 135,390 per ounce. Gold's London AM fix this morning was USD 1,756.00, GBP 1,115.70, and EUR 1,304.12 per ounce. Yesterday's AM fix was USD 1,773.00, GBP 1,124.43, and EUR 1,311.49 per ounce.
 Gold Demand Trends (Q3 2011) released today by the World Gold Council Click Here shows that investment and central bank demand for gold were key drivers of total gold demand last quarter. Third quarter gold demand increased 6% year on year to 1,053.9 tonnes with investment demand rising a significant 33% y/y to 468.1T.
 A huge and paradigm shift change in the gold market is central bank buying which rose 556% to 148.4T from 22.6T in Q3 last year. For the past 15 years there has been net selling of around 400 tonnes per annum from central banks. The fact that there is 100 tonnes of new central bank buying that is unaccounted for is not surprising to GoldCore and analysts who have long been saying that the People's Bank of China and other central banks are likely continuing to quietly and gradually accumulate large quantities of bullion. They are not declaring their purchases due to concerns that this may further devalue their currency reserves which are mostly in US dollars and also in euros and would result in them having to pay higher gold prices for their new gold reserves. Given gold's proven risk mitigation, hedging and safe haven properties, it is likely that savers and investors will continue to seek protection from economic uncertainty.
This uncertainty shows no signs of abating and indeed appears to be set to deepen in the coming weeks and into 2012. Scaring investors from diversifying into gold by comparing the gold market today to the 1970s boom and bubble burst continues to be unfortunate and imprudent. It is a simplistic theory propagated by the biased and by those who have not bothered to inform themselves about the gold market.
SILVER
Silver is trading at $33.04/oz, €24.54/oz and £21.00/oz
PLATINUM GROUP METALS
Platinum is trading at $1,602.20/oz, palladium at $630.00/oz and rhodium at $1,600/oz. | | |  Please click here to read the rest of GoldCore's Market Update.
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We provide comprehensive pricing for South African Krugerrands, American Eagles, Canadian Maple Leafs, British Sovereigns, Silver Eagles, 1 Kilo Gold bars and many more. We also provide live Perth Mint Certificate Programme prices on gold, silver and platinum. | | 
The GoldSaver Account is a unique service that allows clients to purchase small amounts of gold on a monthly basis in a secure and cost effective manner. The GoldSaver Account is suitable for investors of any size looking to diversify their savings. | | |  | |  | | | | 
The Perth Mint Certificate Programme allows investors, savers, pension holders and companies to own investment grade bullion which is stored in vaults in the Perth Mint of Western Australia (est. 1899; AAA rating). The programme is insured by Lloyds of London and is fully guaranteed by the government of Western Australia. | | 
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