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Gold Negatives Offset by Positives: Expert

Monday, 21 May 2012 | 2:10 AM ET

Marcus Grubb, managing director of investment at the World Gold Council, told CNBC, "There were a number of negatives in the first quarter but I think they were offset by the positive which was why gold demand was only down by about five percent in tonnage terms but some of the investment categories were very weak."