Daily Sabah

Rising gold prices benefit Turkey, says WFDB vice president

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Jul 26, 2013 - 12:00 am GMT+3

by Jul 26, 2013 12:00 am

Ernest Blom, Vice President of World Federation of Diamond Bourses, said gold prices would continue rising, while benefiting Turkey

Ernest Blom, Vice President of World Federation of Diamond Bourses, said he was sure that the rise in gold prices would continue in middle and long run, and would benefit Turkey.

Blom said, "The rise in gold prices, 15 percent more compared to last year's same period, seems to maintain itself. I am sure that the rise will continue in middle and long run.."

"China and India's being largest gold purchaser will put Turkey --the gate opening to Europe and Asia-- into an advantageous position," said Blom.

Anadolu Agency

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